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Apr 18 - 08:55 AM

AUD/USD - US Rates, Dollar Help Consolidation Phase Complete

By Christopher Romano  —  Apr 18 - 07:35 AM
  • US 10-yr yield US10YT=RR hits fresh 3-1/2-year high, ED prices EDM3 fall

  • USD/CNH CNH= gained overnight before turning -ve, equities ESv1 fall

  • Iron-ore DCIOc2 is down but copper HGv1 is up on the session

  • AUD/USD falls in Asia, hits 0.73515, lifts in light European trading

  • NY opens near 0.7365, pair still down -0.30% on the session

  • AUD/USD ends recent consolidation phase, implies lower levels are likely

  • Techs lean bearish; RSIs falling, monthly inverted hammer candle in place

  • 55- & 200-DMAs as well as the daily cloud top are supports below the market

  • For more click on FXBUZ



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Source:
Refinitiv IFR Research/Market Commentary

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