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Apr 17 - 03:55 PM

AUD/USD - US Yield, Dollar Weakness Gives Bulls A Boost

By Christopher Romano  —  Apr 17 - 01:35 PM
  • NY opened near 0.6425, pair rallied to 0.64375 early then hit 0.6409

  • Firm US$, yields & equity ESv1, gold XAU= slides weighed on AUD/USD

  • Buyers emerged however and AUD/USD neared 0.6430, traded up +0.42% late

  • Yields US2YT=RRUS10YT=RR fell & USD/CNH fell towards 7.2450

  • Bounces for equities and gold also helped drive AUD/USD's late day lift

  • Daily RSI lifted but monthly RSI fell, monthly inverted hammer in place

  • Australia March employment report is a data risk during Asia hours

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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