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Apr 21 - 08:55 AM

AUD/USD - Risk Bounce, 10-DMA Keep Bulls In The Game

By Christopher Romano  —  Apr 21 - 07:26 AM
  • AUD/USD slide from Tuesday's peak extends overnight, 0.76985 low set

  • Risk bounces; US$ & yen sold, equities ESv1 & copper HGv1 gain

  • USD/CNH dips below 6.4900 & AUD/JPY rallies above 83.60

  • AUD/USD rallies away from the 10-DMA, 0.7730 neared ahead of NY open

  • Pair turns slightly positive on the session & a long legged doji forms

  • Bulls need break of resistance near 0.7750 to take greater control

  • No major US data; AUD/USD cues to come from yields, stocks, commodities

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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