By Christopher Romano — Feb 06 - 07:25 AM
AUD/USD hit 0.6885 in Asia then traded 0.6948 in Europe before falling again
US rate EDM3, US$ gains and equity ESv1 drops helped weigh down AUD/USD
0.6890 traded, slight bounce ensued as US$ softened, NY opened near 0.6900
USD/CNH fall 6.8320 to 6.7784, iron-ore DCIOc2 helped stall AUD/USD drop
AUD/USD techs lean bearish; pair below 10- & 21-DMA, RSIs falling
February's monthly inverted hammer candle reinforces the bearish signals
Fed Chair Powell interview Feb. 7 by Econ. Club of Washington risk looms
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Source:
Refinitiv IFR Research/Market Commentary