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Mar 05 - 08:55 AM

AUD/USD - Worries On China Growth Help Give Shorts The Advantage

By Christopher Romano  —  Mar 05 - 07:20 AM
  • AUD/USD traded 0.65115-0.6477 overnight, NY opened near 0.6493, down -0.25%

  • USD/CNH rally to 7.2131 (D3) on Feb. Caixin services weighed on AUD/USD

  • Equity ESv1 losses & AUD/JPY drop below 97.50 helped push AUD/USD down

  • AUD/USD struck a 3-week low and technicals are leaning bearish

  • Daily, monthly RSIs are falling, pair trades below 10-, 21- & 200-DMAs

  • US Feb. ISM non-mfg PMI a risk in NY; Australia Q4 GDP a risk overnight

  • Remarks from Fed's Vice Chair Barr may impact risk in NY Tuesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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