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Apr 26 - 03:55 PM

AUD/USD - Bulls Hold The Reins Into The Weekend

By Christopher Romano  —  Apr 26 - 01:35 PM
  • AUD/USD opened NY near 0.6535, pair rallied to 0.65545 after US March PCE

  • Sellers emerged however as US yields US2YT=RR, US$ started rallying

  • USD/JPY hit a fresh 34-year high, USD/CNH rallied to 7.2680 on D3

  • AUD/USD fell to 0.65175, slide stalled & buyers then took over

  • Yields softened, gold XAU= rallied & equities ESv1 saw big gains

  • AUD/USD neared 0.6535, pair traded up +0.21% late in the session

  • Techs lean bullish; RSIs rising, pair traded above the 10- & 21-DMAs

  • US ADP, JOLTS, claims, payroll reports will be in focus next week

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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