By Christopher Romano — Mar 20 - 01:59 PM
• NY opened near 0.6290 after 0.6364 traded in Asia, slide extended early
• 0.62705 hit when US yields firmed after claims, Philly Fed data
• USD/CNH rally above 7.2550, gold drop, copper slip from high added weight
• AUD/USD bounced as US$ buys abated & AUD/JPY rallied off its low
• AUD/USD sat near 0.6295 late, traded down -1.02% in NY's afternoon
• Drop below 10- & 21-DMAs, falling daily RSI are concerns for longs
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters