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Risk-off in early Asian trades along with RBA Edward's comments knocked-off the AUD/USD pair below key 0.71 handle.
- Edward talked down the domestic currency, noting that he would be more comfortable with AUD/USD at 0.65.
- The pair is extending downside after poor Australia jobs data yesterday.
- Price action has now slipped below the daily cloud, daily Stochs and RSI have turned lower.
- Immediate support on the downside is located at 0.7084 (Feb 17 lows), while immediate resistance is seen at 0.7148 (cloud top).
Recommendation: Good to sell rallies around 0.7120 levels, SL: 0.72, TP: 0.7085/0.7040/0.70
