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Apr 20 - 03:55 PM

AUD/USD - Cloud Break Turns Out To Be False

By Christopher Romano  —  Apr 20 - 01:57 PM
  • AUD/USD rallies above the daily cloud overnight, hits 0.7816 on D3

  • Risk then sours; US$ & yen get bought, equities ESv1, copper HGv1 sink

  • AUD/USD opens NY near 0.7780; risk-off intensifies, AUD/JPY sinks near 83.50

  • AUD/USD choppy in early NY but bears rein, pair dips below 0.7725 late

  • Large daily inverted hammer, diverging daily RSI are tech warnings for longs

  • AUD/USD longs now in distress but shorts are encouraged nL1N2MD1NO

  • For more click on FXBUZ




aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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