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AUD/USD down on the day, threatens 10 DMA

Wednesday, February 18, 2015 1:44 PM UTC

Source: Thomson Reuters

21-DMA & offers ~0.7830/40 cap AUD/USD's overnight rally
Pair now down on day, eyes 10-DMA & 0.7770/80 bids
Lofty US yields keep spreads near recent tights, aids push lower
Daily RSI rolls over, break of support puts daily lows ~ 0.7740 & 0.7720 in play
Below latter builds bear sentiment & puts last week's low in play
>0.7880 eases bear pressure

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AUD/USD down on the day, threatens 10 DMA

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