By Krishna K — Sep 11 - 07:10 PM
AUD/USD trades with a firm tone in Asia after closing 0.35% higher on Wed
Boosted by a recovery in risk appetite; Wall Street and commodities rally
Dip buyers likely to return as AUD found support near 0.6619, 200-day MA
Consolidation likely ahead of China activity data Sat, Fed rate decision Wed
Fed expected to deliver 25 bps rate cut next week as inflation stays sticky
AUD upside limited as concerns over China's economy persist
Resistance 0.6690-0.6700, 0.6720-25, 0.6745-50; support 0.6645-50, 0.6620-25
Wednesday global range 0.6622-0.6676
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Source:
Refinitiv IFR Research/Market Commentary