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Sep 03 - 11:55 PM

AUD/USD - Grinding Higher In Upbeat Asia

By John Noonan  —  Sep 03 - 10:35 PM
  • AUD/USD grinding above 0.6470 as risk assets are moving higher in Asia

  • AXJ equity index is up 0.83%; Nikkei up 0.50% and Dalian iron ore up 1.65%

  • News China property developer Country Garden received bond extension underpinning risk nL1N3AF0GX

  • AUD/USD now above 21-day MA at 0.6564 helping to provide upward momentum

  • Stiff resistance is at 0.6522- Friday's high and triple top

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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