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Apr 18 - 08:55 AM

AUD/USD - Data, Yields Improved Risk Help Drive Threat To 200-DMA

By Christopher Romano  —  Apr 18 - 07:20 AM
  • China Q1 GDP surprises to the upside & retail sales up 10.6%

  • AUD/USD rallied 0.6698-0.6745; data, yield AU3YT=RR gains help buoy

  • Equity ESv1 rally & slight drop for USD/CNH help underpin AUD/USD

  • AUD/USD rallied above the daily cloud base, stall just short of 200-DMA

  • Rising daily, monthly RSIs and 10- & 21-DMA support have techs tilt bullish

  • US March building permits, housing starts are data risks in NY's morning

  • Comments from Fed's Bowman is a risk in NY's afternoon

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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