By John Noonan — Feb 20 - 10:00 PM
AUD/USD opened +0.48% at 0.6911 after China optimism underpinned nL1N35003D
After dipping below 0.6900 - it moved higher following hawkish RBA minutes nS9N32B02C
It traded to 0.6918 before easing back to 0.6905 into the afternoon
Sagging equities helped cap gains while Dalian iron ore rally gave support nL4N3510GP
AUD/USD resistance is at the 10-day MA at 0.6921 and 21-day MA at 0.6985
Support is at the 200-day MA at 0.6805 with bids eyed ahead of 0.6810
China optimism may help keep AUD buoyant in the immediate-term
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Source:
Refinitiv IFR Research/Market Commentary