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
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters