By Christopher Romano — Jan 13 - 07:11 AM
• AUD/USD hit 0.61625 in Asia, sellers emerged, 0.6131 traded in Europe
• NY opened near 0.6145, traded close to flat in early NY action
• US yield , US$ gains & AUD/JPY, stock drops weighed on AUD/USD
• Pair traded to a fresh 4-1/2-year low before bouncing towards flat
• Australia yield , commodity gains helped the bounce
• Techs are bearish; RSIs falling, monthly inverted hammer in place for Jan.
• US December PPI & CPI are major data risks for later this week
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters