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Sep 12 - 02:55 AM

AUD/USD - Perks Up As Risk Appetite Stays Buoyant

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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