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TDUX
Apr 16 - 03:55 PM

AUD/USD - The US Dollar Strikes Back

By Christopher Romano  —  Apr 16 - 01:57 PM

• NY opened near 0.7165 after pair hit a 46-month high of 0.7197 overnight

• 0.7180 neared early NY but the overnight slide resumed as US$, yields rallied

• USD/CNH & oil added to overnight gains while gold, silver traded down

• AUD/USD hit 0.7152, sat nearby late and traded down -0.20% in NY's afternoon

• Daily techs warn bulls; RSI diverged, inverted hammer candle formed

• Those signals suggest AUD/UDS could be due for a corrective move lower

• Rising monthly RSI, pair's hold above slew of DMAs, daily cloud give bulls comfort
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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