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Thomson Reuters
Aug 07 - 11:00 PM
AUD/USD - Firm Tone As USD/CNH Leads USD Lower
First appeared on eFXplus on Aug 07 - 08:25 PM
  • USD/CNH down around 0.25% early Asia and giving USD a broadly offered tone
  • Fall in the USD/CNH and rise in Shanghai Comp yesterday supported AUD/USD
  • AUD/USD edging above 0.7430 with yesterday's high at 0.7440 first resistance
  • Key resistance at 55-day MA at 0.7448, as 55-day has held since June 13
  • Asian equities, CNH and China trade data key to AUD/USD direction today

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