By Christopher Romano — Apr 12 - 07:15 AM
AUD/USD rallied 0.6649-0.6678 overnight, NY opened near 0.6665
Lift aided by iron-oreDCIOc2, equityESv1, AUD/JPY gains
USD/CNH fall towards 6.8850 also help boost AUD & other high beta ccys
AUD/USD traded with the April 10 daily range & below 10- & 21-DMAs
Consolidation of recent fall, falling monthly RSI are bearish tech signs
US March CPI & its possible impact on Fed policy is a key data risk
Fed minutes & comments from Fed's Barkin, Daly are event risks Wednesday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary