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Apr 12 - 08:55 AM

AUD/USD - Bulls Trod On Familiar Turf

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

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