First appeared on eFXplus on Jan 31 - 10:40 PM
- AUD/USD down 0.3%, trades a range of 0.7239/78 in Asia, last 0.7250
- AUD/USD hurt by bounce in USD/CNH ahead of LNY break, soft Caixin PMI
- Previous resistance at 0.7225/35 to provide support now
- Key for further gains is a close above 200 DMA at 0.7291
- Both sides in US-China trade talk making optimistic comments about progress
- US payrolls data later in the day to determine fate of risk and USD
AUD daily: Click here
Source:
Thomson Reuters IFR Markets