By Krishna K — Feb 06 - 12:20 AM
AUD/USD rallies 0.35% on signs of thaw in Australia-China trade relations
Australia trade minister to travel to Beijing to meet counterpart
News helps AUD recovery despite broadly stronger USD, weak risk appetitive
Traders wary after 3.8% drop from Thurs 0.7158 high, prospect of hawkish RBA
RBA rate decision Tuesday, central bank to hike rates 25bps, guidance key
Rallies to be limited as fears of hawkish Fed return on "monster" U.S. jobs
Asia range 0.6947-0.6885; support 0.6915-20, 0.6893, 50% of Dec-Feb rally
Resistance 0.6950-55, 0.6975-80
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Source:
Refinitiv IFR Research/Market Commentary