By Christopher Romano — Feb 22 - 07:10 AM
AUD/USD traded 0.68645-0.6812 overnight, NY opened near 0.6820
Below estimate Australian wage growth nL1N35201O was a drag on AUD
US rates EDZ3 softened but US$ rallied; USD/CNH rallied above 6.9050
Lower equities ESv1, commodities HGv1 helped to add weigh on AUD/USD
Pair's drop halted short of the 200-DMA (0.6804) which appears vulnerable
Daily, monthly RSIs falling, not oversold; implies downside momentum remains
Jan. 4 & 6 daily low, daily cloud base are support below the 200-DMA
Minutes of Fed Jan. 31-Feb. 1 meeting are a risk in NY's afternoon
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary