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Feb 07 - 04:55 PM

AUD/USD - Bears Gain A Bit Of Traction After Jobs Report, Trump Tariff Talk

By Christopher Romano  —  Feb 07 - 01:48 PM

• NY opened near 0.62895, pair sat nearby into the January payroll report

• Mixed jobs data drove a wild swing, pair hit 0.63025 then traded 0.6266

• Firmer US yields, USD/CNH rally, stock drop weighed on AUD/USD

• Pair bounced & neared 0.6300 into Feb. University of Michigan report

• Sellers emerged on report Pres. Trump will announce reciprocal tariffs

• AUD/USD fell to 0.6254 then neared 0.6280 late, pair down only -0.18% late

• Daily doji, diverging daily RSI are short-term bearish signals

• Rising monthly RSI, monthly bull hammer candle give longs some comfort
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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