By Christopher Romano — Apr 15 - 01:50 PM
• NY opened near 0.6350 after 0.6317 traded overnight, rally extended in early NY
• US$ & US yield weakness and equity gains helped AUD/USD rally to 0.6381
• Pair began sliding as stocks traded downward and US$ buying emerged
• AUD/USD gave back some earlier gains, slid and neared 0.6355 late in the session
• Pair traded up +0.44% which helped keep technical signals bullish
• Rising daily, monthly RSIs & April's monthly bull hammer highlight upside risks
• China Q1 GDP, March retail sales & industrial production
are
data risks in Asia
audusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters