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TDUX
Apr 27 - 07:55 AM

AUD/USD - US Dollar Bulls Get Knock Off Balance

By Christopher Romano  —  Apr 27 - 07:08 AM

• 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)

Source:
London Stock Exchange Group | Thomson Reuters

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