By Burton Frierson — Apr 18 - 02:16 PM
• AUD/USD down 0.21% on the day in New York trade at 0.6377
• New York range 0.6371-0.6377 amid holiday-thinned trade on Good Friday
• Aussie has retreated from Thurs/Fri peak 0.6395, highest since late-Feb
• Consolidating recovery from April 9 low of 0.5910; bullish monthly hammer
• Rising weekly, monthly RSI, falling daily RSI; has struggled with congestion in 0.6390/0.6409 area
• 50% retracement of Sept-April fall looms at 0.6427 with 200-DMA at 0.6472 declining in that direction
• Cluster of moving averages sits below, starting with 55-
and
100-DMA at 0.6289/83
AUD closer 4/18/2025
(Burton Frierson)
Source:
London Stock Exchange Group | Thomson Reuters
