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Mar 11 - 08:55 AM

AUD/USD - Key Supports In Focus As Slide From Friday's High Extends

By Christopher Romano  —  Mar 11 - 07:15 AM
  • AUD/USD rallied to 0.6630 overnight, sellers emerged, 0.6606 then traded

  • NY opened near 0.6615, pair was down -0.16% in early NY trading

  • US yield US2YT=RR lift helped to buoy U$, weigh on AUD/USD

  • Equity ESv1 & gold XAU= drops also helped to send AUD/USD lower

  • AUD/USD drop stalled near the 55-DMA (0.6602), daily cloud base (0.6600)

  • Very little bounce off the low seen and daily techs likely concern longs

  • Daily RSI is falling, price drop followed Friday's gravestone doji candle

  • US Feb. CPI & PPI, retail sales & weekly claims are data risks this week

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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