By Christopher Romano — Mar 04 - 01:36 PM
• 0.6243 traded in early NY after 0.6187 was hit in overnight trading
• Pair slid early on firmer US yields , US$; USD/CNH neared 7.2785
• 0.6195 was neared but buyers emerged, pair neared 0.6220 late, down -0.06%
• Equity & AUD/JPY lifts, gold gains helped AUD/USD bounce
• AUD/USD formed a daily doji candle which implies investors are indecisive
• Pair's hold below daily cloud, slew of daily MAs are bearish signs
• Rising monthly RSI, rally following Feb. doji are bullish signs
• US Feb. ADP, ISM non-mfg PMI & Jan. factory orders are risks Wed.
audusd
(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters