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Mar 25 - 10:55 PM

AUD/USD - Gets A Lift From CNY Fix But Resistance Holds

By John Noonan  —  Mar 25 - 09:55 PM
  • AUD/USD popped up to 0.6554 after another aggressive CNY fix nL2N3G402T

  • Resistance at 0.6555/60 held and it is now settled around 0.6545

  • The 10 and 21-day MAs converge at 0.6555/60 where selling is tipped

  • A break above 0.6565 targets daily tops up at 0.6635/40

  • Support is at a rising trend-line at 0.6510, which was the low Monday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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