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Thomson Reuters
Mar 08 - 12:12 PM
AUD/USD - Shorts Could Be At-Risk After U.S. Data
First appeared on eFXplus on Mar 08 - 10:20 AM
  • Big downside surprise to NFP sinks UST yields & US$ nLLA8EEFJO
  • AUD/USD spikes higher after data, daily cloud base & Feb low neared
  • Slumps in oil, copper & equity markets help temper bulls a bit
  • NFP miss countered by upside beats to AHE & housing starts
  • Patient Fed stance still could be in doubt but techs hint at a short squeeze
  • Daily RSI diverged on new low & bull engulfing candle near forming
  • A close above 0.7055/60 could inspire a squeeze, 0.7095 & 0.7125 then eyed

chart: Click here

Source:
Thomson Reuters IFR Markets

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