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Sep 14 - 07:55 PM

AUD/USD - Rallies Broadly On China RRR Cut, Strong Commodities

By Krishna K  —  Sep 14 - 05:50 PM
  • AUD/USD likely to remain supported on dips after closing 0.3% higher Thu

  • Posts solid across-the-board gains on buoyant risk appetite, commodity gains

  • PBOC's RRR cut, robust U.S. and Australia economic data boot risk sentiment

  • Rising energy prices, higher iron ore and copper/metals prices buoy AUD

  • China monthly activity data and PBOC MLF fixing due Fri, key for direction

  • Resistance 0.6460, 0.6480, support, 0.6420, 0.6400; Thu range 0.6419-0.64595

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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