Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Urban studies: Doing research when every city is different 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
AUD/USD chart - Trading View
AUD/USD was trading 0.27% lower at 0.6007 at around 04:50 GMT, lower from session highs at 0.6049.
The pair is extending declines for the 5th straight session, Aussie tracking the decline in the oil benchmarks.
Price action has resumed downside after recovery was rejected at 21-EMA, broad-based US dollar strength to keep pressure.
Major trend is strongly bearish and minor trend has turned bearish. 5-DMA has turned south and RSI has slipped below 50.
Friday's jobs data, showed the American economy lost 701,000 in March, ending 113 straight months of job growth.
However, risk-on fostered by reports of a slowdown in the number of coronavirus cases in some of the worst-hit countries like the US, Italy, and Spain keeps the greenback supported.
Resumption of weakness will see test of 88.6% Fib at 0.5495. Violation there will see test of 2001 lows at 0.4776.
5-DMA is immediate resistance at 0.6058. Break above 21-EMA could change near-term dynamics.
