By Krishna K — Sep 12 - 01:20 AM
AUD/USD up 0.25% as Asian stock markets rally on Wall Street's lead
Nikkei up 3.45%, tech-heavy Taiwan and Korea +2.9% and 1.6% respectively
AUD bounce from close to 0.6619, 200-DMA,on Wed attracts technical buyers
Upside limited as concerns over China's economy persist
Focus shifts to China activity data Sat, Fed rate decision next week
Resistance 0.6695-0.6700, 0.6720-25; support 0.6645-50, 0.6620-25
Asia range 0.6671-0.6693
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Source:
Refinitiv IFR Research/Market Commentary