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
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters