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Aug 21 - 10:55 PM

AUD/USD - Moves Higher As USD/CNH Falls After PBOC Fix

By John Noonan  —  Aug 21 - 09:40 PM
  • AUD/USD traded above 0.6420 as it continues to track moves in the USD/CNH

  • The USD/CNY fix was much lower than forecast and pushed the USD/CNH lower nL1N3A3027

  • AUD/USD resistance @ 10-day MA @ 0.6455 and break would warn bottom in place

  • AUD/USD sellers are tipped between 0.6430/40

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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