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Thomson Reuters
Feb 01 - 12:12 AM
AUD/USD - Undermined By Soft China Data, Higher USD/CNH
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

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