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TDUX
Apr 09 - 03:55 PM

AUD/USD - Riskier Assets Firm On Hopes Geopolitical Tensions Ease

By Christopher Romano  —  Apr 09 - 01:52 PM

• NY opened near 0.7030 after AUD/USD traded downward in Asia & Europe

• Pair rallied early with help from AUD/JPY gains, USD/CNH drop from its high

• Rally intensified as riskier assets firmed up; stocks, gold, silver traded upward

• US$, yields fell sharply on report Israel, Lebanon could begin talks

• Stocks, silver turned positive, USD/CNH turned lower & gold added to earlier gains

• AUD/USD hit 0.7095 in NY's afternoon, traded up +0.72% late in the day

• Rising daily, monthly RSIs, daily bull hammer are bullish tech signals
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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