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Mar 31 - 03:55 PM

AUD/USD - Bears Hold The Reins Into The Quarter's End

By Christopher Romano  —  Mar 31 - 02:03 PM

• NY opened near 0.6255 after 0.6300 traded overnight, slide extended

• US$, yen bought on soured risk; stocks , commodities fell

• AUD/USD hit 0.6219 then bounced, neared 0.6245 late, was down -0.72% late

• Stock, copper, AUD/JPY lifts off their lows helped AUD/USD's bounce

• Techs lean bearish; daily RSI falling, pair below 55-DMA & daily cloud

• The March monthly inverted hammer candle reinforce the bearish signals

• RBA cash rate decision is a key risk during Asia's trading session

• US March ISM mfg PMI, Feb. JOLTS job openings are risks in NY Tuesday

• Remarks from Fed's Barkin could impact risk sentiment Tuesday
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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