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Apr 15 - 03:55 PM

AUD/USD - February's Low Remains Vulnerable

By Christopher Romano  —  Apr 15 - 01:35 PM
  • NY opened near 0.6485 after 0.6493 traded overnight, slide extended

  • US yields US2YT=RR rallied on upbeat sales data; US$ also rallied broadly

  • Equities ESv1, sank & USD/CNH eroded some of its overnight drop

  • AUD/USD traded to a 2-month low, 0.6452 hit, pair down -0.16% late

  • Techs are bearish; RSIs falling, daily & monthly inverted hammers in place

  • February's low is support ahead of support from t-l, Nov. monthly low

  • China March industrial output, retail sales & Q1 GDP are risks in Asia

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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