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Apr 14 - 01:55 PM

AUD/USD - Rally Sellers Keep Key Support In Focus

By Christopher Romano  —  Apr 14 - 12:00 PM
  • AUD/USD rallied near the converging 10- & 21-DMAs overnight, sellers emerged

  • Drop in Aussie 3-yr yield AU3YT=RR help pair drift lower in Europe

  • Slide intensifies in NY as Fed hawkishness remain intact nL2N2WC1DH

  • Rising US yields US2YT=RR, rates EDM3 help propel the US$ higher

  • AUD/USD dips below 0.7400, halts short of Wednesday's low, bounces meagerly

  • Short-term structural support in the 0.7370 area remains vulnerable

  • Daily, monthly RSIs are falling, aren't oversold, downside momentum intact

  • 10-DMA about to cross below the 21-DMA, reinforces bearish techs when occurs

  • Break of support targets the 55- & 200-DMAs and the daily cloud top

  • For more click on FXBUZ

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Refinitiv IFR Research/Market Commentary


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