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