By Rob Howard — May 10 - 04:20 AM
AUD/USD ran into resistance at 0.6986 after extending north from 0.6911
0.6986 was Jan 31 low. 0.6911 was 22-month low in Asia nL2N2X203R
Rally from 0.6911 aided by Asian equities trimming losses nL2N2X20CS
Risk-sensitive AUD also benefitted from modest yuan revival nL2N2X2092
More: nL2N2X209X. AUD is often used as a liquid proxy for the CNY
More AUD/USD offers expected around 0.7000 (former support level)
AUDUSD Click here
Source:
Refinitiv IFR Research/Market Commentary