By Krishna K — Jan 16 - 04:45 PM
AUD/USD trades with a slightly offered bias in Asia after falling 0.35% Mon
Profit taking sets in on failure to break 50% of 0.7282-0.6170 fall @ 0.7020
Undermined by a slightly firmer USD which pulls backs from a near 7-mth low
Yuan gains falter above 6.7000, commodities ease slightly, weigh on AUD
China reopening optimism, expectations of less hawkish Fed limit downside
China GDP and monthly activity data Tuesday key for s/term direction
Resistance 0.6980-85, 0.7000, 0.7020, support 0.6940-45, 0.6920-25
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary