AUD/USD popped up to 0.6500 after PBOC cut the RRR ratio by 200 bps to 4% nP8N39K00H

PBOC move was to stem CNY weakness and USD/CNH eased to near 7.24 from 7.27

AUD/USD retraced much of the gain and is currently trading around 0.6485

It traded to 0.6474 before the PBOC news and held the 21-day MA at 0.6471

More support is at the 10-day MA at 0.6449

Resistance is at Thursday's high at 0.6508 and this week's high at 0.6522

For more click on FXBUZ