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Apr 16 - 03:55 PM

AUD/USD - Bulls Gain More Ground As US Assets Remain Unwanted

By Christopher Romano  —  Apr 16 - 01:59 PM

• NY opened near 0.6375 after 0.63225 traded overnight, rally then extended

• Pair rallied to a 9-session high of 0.6391 as US assets traded downward

• USD/CNH fell below 7.3000, stocks fell sharply and gold hit a new all-time high

• AUD/USD slid from its high with help from AUD/JPY's fall towards 90.50

• AUD/USD traded up +0.27% in NY's afternoon which kept technical bullish

• Rising daily, monthly RSI, April's monthly bull hammer candle are bullish signals
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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