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Thomson Reuters
Jan 13 - 05:00 PM
AUD/USD - Rally Halts At Key Fibo As China Seen Wary On Yuan
First appeared on eFXplus on Jan 13 - 02:45 PM
  • AUD/USD rally fails initial attempt on 76.4% Fibo of Dec-Jan drop @ 0.7233
  • Caution sets in following the 7.5% rally from Jan 3 spike low of 0.6715
  • Capped by MNI report Fri that PBOC does not want sharp yuan appreciation
  • Fed's patience on rate rises, optimism on U.S.-China trade talks to underpin
  • Fri report of bounce in AU Nov retail sales a boon for Q4 GDP nL3N1ZB14H
  • Resistance 0.7233-35, support 0.7175-85; watch CNY for trading clues

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