By John Noonan — Aug 31 - 06:10 PM
AUD/USD opens +0.15% after getting support from lower USD/CNH
USD was mixed on Thursday due to month-end flows and pre US NFP positioning
USD rose against EUR while falling against the JPY and commodity currencies
AUD/USD closed above the 21-day MA (0.6471) - which gives it a bullish bias
Resistance is at the 38.2 of the 0.6895/0.6365 move at 0.6567
Support is at the 21-day MA and 10-day MA at 0.6449
China Caixin Mfg PMI for August out today and may spur a reaction
Consolidation more likely ahead of the US non-farm payrolls
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary