AUD/USD fell 1.2% Friday after hot US data sent US yields and USD higher nL1N3542HZnL1N35429X

AUD fell against most currencies due to fall in risk assets after US data nL1N3542UF

Break and close below 38.2 of Oct/Feb rise at 0.6780 portends further losses

AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

Only a break above the 10-day MA (0.6849) would relieve downward pressure

Next support is at the 50% of the Oct/Feb rise at 0.6664

AUD/USD finding some buyers around the 100-day MA at 0.6730

Target of current down-move is the 61.8 fibo of aforementioned move @ 0.6547

Big week for local data led by Jan retail sales Tuesday and Q4 GDP Wednesday

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