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
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters