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Apr 23 - 08:55 AM

AUD/USD - Upbeat PMIs, Commodity Gains Give Bulls The Reins

By Christopher Romano  —  Apr 23 - 07:27 AM
  • PMI data nZRN001QIPnL8N2MG279nL8N2MG2EL buoy global growth hopes

  • Copper HGv1 hits 2-month high, iron-ore DCIOc2 hits 1.5 month high

  • Safe-havens US$ & yen sold, USD/CNH drops & equities ESv1 rally

  • AUD/USD rallies, climbs back above 10- & 55-DMAs, trades to 0.7743

  • Very little pull back from the intra-day high at NY open as US$ stays heavy

  • AUD/USD still above 50% Fib of 0.7533-0.7816, 21-DMA, April 7 daily high

  • Should those supports break recent AUD/USD drop is likely to intensify

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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