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Apr 18 - 03:55 PM

AUD/USD - Rally Above 200-DMA Was Short Lived

By Christopher Romano  —  Apr 18 - 01:40 PM
  • AUD/USD opened NY near 0.6740 after gains were made overnight

  • Rally extended in early trade, 200-DMA was pierced & 0.6747 hit

  • US rates SRAU3 firmed with help from data, Fed's Bullard

  • Equities ESv1 gave up early gains, iron-ore DCIOc2 slid

  • US$ firmed along with rates, USD/CNH rallied above 6.8820

  • AUD/USD hit 0.6717 then neared 0.6730 on some late US$ sales

  • Rising daily, monthly RSIs & 10- & 21-DMA support are bull signs

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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