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Sep 15 - 01:55 AM

AUD/USD - Rallies With Risk As China Data Lifts Mood

By Krishna K  —  Sep 14 - 11:50 PM
  • AUD/USD holds gains of 0.3% in Asia as negative mood on China slowly lifts

  • China monthly activity data beats expectations, prompts hopes of recovery

  • AUD bid from open of 0.6435 on buoyant risk mood, China RRR cut Thursday

  • Rallies further to 0.6468 after China data, little pullback seen

  • ASX 200 leads Asia stocks higher as commodity rally boosts Rio Tinto, BHP

  • Supported by Dalian iron ore climbing to a 2-yr high, buoyant metals

  • Gains constrained by higher-for-longer Fed rates view, elevated U.S. yields

  • Resistance at 0.6483, 76.4% of 0.6522-0.6358 drop; clear break opens 0.6522

  • Initial support at Fri low of 0.6430 followed by 0.6415-20

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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