eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• AUD/USD fell to 0.7126 in Asia, buyers emerged, the pair turned positive
• The pair rallied above the 10-DMA, hit 0.7190 in Europe, NY opened near0.7185
• Broad based USD weakness helped AUD/USD trade up +0.51% in early NY
• USD/CNH drop to 6.8195 & gold, silver rally to positive ground aided AUD/USD's gains
• Rising RSIs, consolidation of gains off April 13 low are bullish tech signals
• April Dallas Fed manufacturing business index is a minor
data risk during NY trading
audusd

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