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TDUX
May 14 - 08:55 AM

AUD/USD - US Dollar Is The Driver

By Christopher Romano  —  May 14 - 07:06 AM

• AUD/USD rallied to 0.7264 overnight, sellers emerged, the pair turned lower

• Broad-based USD buying drove the pair down to 0.7239 in early NY

• AUD/USD was down -0.23% despite rallies in gold, stocks and a USD/CNH drop

• The pair held within Wednesday's daily range and above the 10- & 21-DMAs

• Rising monthly RSI, wider Bolli bans, hold above 61.8 Fib of 0.8007-0.5910 are bullish

• US jobless claims, April retail sales are data risks in NY's morning
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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