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Apr 11 - 08:55 AM

AUD/USD - Longs Licking Their Wounds Ahead Of PPI, Claims Reports

By Christopher Romano  —  Apr 11 - 07:15 AM
  • AUD/USD took back some of yesterday's drop, traded 0.6502-0.6530

  • NY opened near 0.6525, pair traded up +0.19% as key US data risks loom

  • Gains were aided by softer US yields US2YT=RR, USD/CNH drop

  • Slight extension of iron-ore's DCIOc2 rally helped buoy AUD/USD

  • Techs lean bearish; pair below 10-. 21-. 55- & 200-DMAs & daily cloud

  • Consecutive monthly gravestone dojis reinforce the bearish signals

  • March & February monthly lows are targets immediate for AUD/USD shorts

  • US March PPI, weekly jobless claims are key data risks in NY

  • Remarks from Fed's Williams, Barkin, Collins, Bostic may impact risk

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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