By Christopher Romano — Dec 31 - 01:04 PM
• NY opened near 0.6210 after 0.6231 traded overnight, slide extended in NY
• Rise for US yields drove broad based US$ buying
• Commodity, stock drops & USD/CNH gains reinforced US$ buy theme
• AUD/USD traded to a 26-month low of 0.6179, was down -0.60% in NY afternoon
• Techs are bearish; RSIs falling, pair below 10-DMA, t-l off 2022 yearly low
• Support sits at 0.6170, the 2022 yearly low; break brings 0.6000 into
focus
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters