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Apr 16 - 04:55 PM

AUD/USD - Bulls Step Away From Key Impediments

By Christopher Romano  —  Apr 16 - 02:38 PM
  • Broad based US$ sales lift AUD/USD in Europe am, 0.7760 trades

  • Lift stalls near daily cloud, 50% Fib 0.8007-0.7533, March 19 high

  • Pair drops as US 10-yr yield lifts into 1.59%/1.61% resistance zone

  • AUD/USD steadily sinks in NY trade, sits near 0.7730 late in the day

  • Daily doji forms, daily RSI turns down, implies downside risks

  • Monthly techs remain bullish though, dip buyers likely lurk below

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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