By Christopher Romano — Mar 07 - 01:24 PM
• NY opened near 0.6300 after 0.63378 traded overnight, drop extended early NY
• 0.62825 hit but pair lifted after US Feb. jobs data weighed down yields, US$
• 0.6316 traded, sellers emerged as yields, US$ firmed; USD/CNH neared 7.2570
• Commodity drops & rally in equities weighed on AUD/USD
• US$, yields firming intensified during Fed Chair Powell's remarks
• AUD/USD sat near 0.6295, traded down -0.61% in NY's afternoon
• Daily techs worry longs; RSI falling, pair below 21-DMA, 10-DMA was
pierced
audusd
(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters