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Apr 05 - 08:55 AM

AUD/USD - Risk-On Persists, Gives Bulls A Boost

By Christopher Romano  —  Apr 05 - 07:36 AM
  • US 10-yr yield US10YT=RR up but so are equities ESv1 & copper HGv1

  • EM ccys generally up vs US$, USD/CNH dips below 6.5750 in early NY

  • AUD/USD rallies back above 10-DMA in Europe am, near 0.7620 at NY open

  • Lift extends in early NY, 0.7630 neared and almost no pull back seen

  • Daily bull hammer forms, daily RSI rising, techs lean bullish

  • Resistances sit near 0.7640, 0.7665/70 & 21-DMA (currently 0.7680)

  • Break above 0.7665/80 zone likely sees bulls target 0.7765/75

  • For more click on FXBUZ


aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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