By Christopher Romano — Mar 07 - 07:10 AM
• AUD/USD hit 0.6337 in Asia, sellers emerged, 0.6294 traded in Europe
• NY opened just above that low hit, traded down -0.57% in early action
• AUD/JPY, Australia yield , copper drops weighed on AUD/USD
• USD/CNH bounce off its 7.2282 low also helped AUD/USD trade lower
• AUD/USD currently trades near the middle of recent 0.6409-0.6187 range
• Daily techs concern longs; RSI falling, pair below cloud top & 21-DMA
• Rising monthly RSI, hold above 55-DMA, daily cloud base gives long comfort
• US Feb. jobs data due; NFP estimate 160k, unemployment estimate 4.0%
• Fed's Williams to speak in NY's morning and may impact risk sentiment
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters