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Feb 21 - 01:55 PM

AUD/USD - Bid For Safe Havens Give Shorts Traction

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

Source:
London Stock Exchange Group | Thomson Reuters

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