By Christopher Romano — Feb 16 - 08:00 AM
AUD/USD pierced the 55-DMA, hit 0.6868 on Australia jobs data nL1N34W01R
Bounce ensued, US rates EDZ3, US$ softened while iron-ore DCIOc2 gained
AUD/USD pierced the 10-DMA, hit 0.6937 then slid, NY opened near 0.6910
US$ firmed & equities ESv1 traded lower both of which helped AUD/USD sink
Pair traded down -0.05% in early NY & a daily doji candle formed
Head & shoulders top forming on daily chart & monthly RSI is falling
Key 0.6855/70 zone vulnerable, if breaks 0.6600 are may be targeted
US Jan. PPI & housing, weekly claims and Fed's Bullard, Mester are risks
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary