• +0.05% after closing down 0.55% amid broad USD strength - +USD +0.4%

• There is no Australian data today so risk appetite and the USD will lead

• China Caixin PMI leads event risk, RTRS poll 51.7 - potential USD driver

• Charts: 5, 10 & 21 daily, weekly moving averages trend lower - bearish setup

• 21-day Bollinger bands track south, momentum studies flat-line at low levels

• The 0.6170 2022 low is in view - break would target 0.5980 April 2020 low

• A close above last week's 0.6269 high would ease the downside pressure

• A sustained 0.6305 break of the 21-day moving average would be positive
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)