By Christopher Romano — Mar 15 - 01:40 PM
Two rallies above 0.6700 this week failed to maintain momentum
Sellers emerged near 0.6710/15 both times, sharp drops followed
Today's sales aided by banking sector worries driving risk-off
AUD/USD fell below the 10-DMA, daily bearish outside candle formed
Daily & monthly RSIs are falling, imply downside momentum in place
Key support in the 0.6450/0.6500 area is no win focus
Should risk sour further support may break, October low then targeted
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Source:
Refinitiv IFR Research/Market Commentary