By Christopher Romano — Feb 21 - 01:30 PM
• NY opened near 0.6385 after 0.6409 traded overnight, slide extended in NY
• An early bounce was sold into as US data fueled concerns of slower growth
• US yields fell sharply; stocks & copper also fell
• USD/CNH rallied back above 7.25353 while AUD/JPY dropped towards 94.80
• AUD/USD traded near 0.6360 in NY's afternoon, pair traded down -0.62%
• Daily inverted hammer, diverging daily RSI may be concerns for AUD/USD
longs
audusd
(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters