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