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Thomson Reuters
Oct 07 - 09:48 PM
AUD/USD - May See Bounce If USD/CNY Fix Below 6.90
First appeared on eFXplus on Oct 07 - 08:25 PM
  • AUD/USD steady above 0.7050 in early Asia after closing NY at 0.7049
  • Talk on Friday that shorts were taken in case USD/CNY fix above 6.90
  • If fix is below 6.90 the AUD/USD may stage a small relief rally
  • AUD has been a proxy for China and EM sentiment while China was away
  • Resistance at 0.7085/90 where Friday's high and former support converge

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Thomson Reuters IFR Markets


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