By Christopher Romano — Mar 31 - 07:15 AM
AUD/USD falls despite USD/CNH CNH= drop, iron-ore DCIOc2 gains
Pair dips below the 10-DMA, nears 0.7470 before bouncing slightly
AUD/JPY dip below 90.80, drop in Aussie yields YTTc1 weigh on AUD/USD
Some profit taking by AUD/USD longs ahead of US jobs report also weighs
AUD/USD consolidating recent rally & monthly RSI rising, are bull signals
Daily RSI is falling however, suggests a move lower could be coming
Support near 0.7450, if breaks bear pressure likely to intensify
US Fed PCE USPCEM=ECI, March jobs USNFAR=ECI are looming data risks
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Source:
Refinitiv IFR Research/Market Commentary