By John Noonan — Oct 17 - 11:00 PM
AUD/USD opened +0.38% at 0.6366 as AUD outperformed other major currencies
It eased to 0.6351 after RBA Governor Bullock's comments had no impact nS9N38X01X
It was 0.6355 when China GDP was released and came in better than expected nP8N3AU00J
China retail sales and IP also beat forecasts nP8N3AU00K
AUD/USD traded up to 0.6379 before settling around 0.6370/75
Lon copper rose 0.85% after the data and USD/CNH fell 0.22% nL1N3BO06B
AUD/USD rally sopped short of the 21-day MA at 0.6382
A break above 0.6385 targets the 55-day MA at 0.6426
Support is at Tuesday's 0.6535 with bids tipped at 0.6330
AUD/USD may extend gains if China optimism supports key commodities
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary