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Aug 26 - 11:00 PM
AUD/USD - Benign CNY Fix Offsets Light AUD/JPY Selling
First appeared on eFXplus on Aug 26 - 09:45 PM
  • The AUD/JPY continues to be active - reflecting market mood swings
  • Cross was down 0.30% in early Asia after big reversal higher yesterday
  • AUD/USD traded to 0.6768 with hourly support around 0.6760
  • USD/CNY fix at 7.0810 was lower than the market was expecting (in USD terms) nAZN0FHF00
  • USD/CNH moving lower after fix and is underpinning AUD/USD
  • AUD/USD resistance at the 21-day MA at 0.6781 and yesterday's 0.6788 high

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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