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Apr 18 - 08:55 AM

AUD/USD - Bulls Are Only Cautiously Optimistic

By Christopher Romano  —  Apr 18 - 07:20 AM
  • AUD/USD dipped to 0.6432 then rallied to 0.64565 in overnight trading

  • NY opened near 0.6445, traded up +0.19% with help from buoyed risk assets

  • Commodities DCIOc2HGv1 & equities ESv1 gained to help rally risk

  • US yield US10YT=RR slip & USD/CNH slide from session high aided risk gains

  • AUD/USD remains below short-term structural resistance near 0.6490

  • Falling monthly RSI, monthly inverted hammer are concerns for AUD/USD longs

  • US weekly claims, April Philly Fed, March existing home sales are data risks

  • Remarks from Fed's Williams, Bowman, Bostic may impact risk Thursday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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