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May 20 - 06:12 AM

AUD/USD - April's High Is Threatened

By Christopher Romano  —  May 19 - 07:55 AM
  • Copper HGv1, iron-ore DCIOc2, oil CLv1 rallies extend today

  • EM ccys rally vs US$, USD/CNH dips below 7.1150, AUD/JPY lifts near 70.60

  • AUD/USD adds to Monday's gains, nears April monthly high, trades 0.6564

  • Pair nears 0.6435 as equity ESv1 gains erode; AUD/USD still up though

  • Techs are bullish; daily, monthly RSIs rise, bull pennant top pierced

  • Stops likely above 0.6570, if run bull target 0.6665/85 resistance











aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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