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Apr 14 - 03:55 PM

AUD/USD - Bulls Lean On Better Risk Sentiment

By Christopher Romano  —  Apr 14 - 01:58 PM

• NY opened near 0.6320 after 0.6342 traded overnight, slide extended early on

• Firmer US yields and US$ helped send AUD/USD down towards 0.6275

• Buyers emerged as US$ softened while stocks gained & yields traded lower

• Gold bounce off its low & copper gains helped AUD/USD lift above 0.6325 late

• Pair traded up +0.51% late in the day which kept technicals bullish

• Rising daily, monthly RSIs, 55-DMA support, monthly bull hammer a bullish signs
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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