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Refinitiv
Mar 11 - 08:55 AM

AUD/USD - The 55-DMA Holds On Better Risk Sentiment

By Christopher Romano  —  Mar 11 - 07:13 AM

• AUD/USD hit 0.6259 in Asia, made a 4-session low & tested the 55-DMA

• Buyers emerged, pair turned positive 0.62975 traded in Europe

• NY opened near 0.6285, pair traded up +0.10% in early action

• Better risk helped buoy; US yields gained, USD/CNH fell

• Equity , commodity gains helped AUD/USD trade up

• Daily RSI diverged on the low and monthly RSI is rising, gives longs comfort

• US January JOLTS job openings is a key data risks in NY Tuesday
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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