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Mar 26 - 02:55 AM

AUD/USD - Underpinned By Efforts To Cap USD/CNH

By John Noonan  —  Mar 25 - 11:15 PM
  • AUD/USD opened +0.40% at 0.6540 after USD broadly eased on Monday nL2N3G31KY

  • It moved up to 0.6554 after another aggressive CNY-fix nL2N3G402T

  • Resistance @ 0.6555/60 where 10 & 21-day MAs converge - where selling tipped

  • Heading into the afternoon it is steady around 0.6545

  • Support is at a rising trend-line at 0.6510 - which was Monday's low

  • A break below 0.6500 targets the Feb 13 low at 0.6443

  • A break above 0.6565 targets resistance formed at 0.6635/40

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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