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Apr 24 - 03:55 PM

AUD/USD - Bulls Struggled To Hold Onto Gains

By Christopher Romano  —  Apr 24 - 01:35 PM
  • NY opened near 0.6500, an early lift near 0.6510 was sold, 0.64835 traded

  • US yields US10YT=RR supported a broad based rally for the US$

  • USD/JPY traded above 155.30, UDS/CNH rallied above 7.2730 on D3

  • Equities ESv1 giving up early gains also weighed on AUD/USD

  • Gold XAU=, copper HGv1 gains helped to keep AUD/USD up on the session

  • AUD/USD neared 0.6500 late in the session with help from AUD/JPY's lift

  • Daily inverted hammer formed after 55- & 200-DMAs neared; is a bear signal

  • US Q1 GDP & its PCE component and weekly claims are data risks Thursday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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