First appeared on eFXplus on Jan 27 - 08:55 PM
- AUD/USD boosted by falling USD vs CNH and CNY, hits a high of 0.7201
- USD/CNH trading below the 200 DMA for the first time since June 19 2018
- AUD/USD move targets mid-Jan highs and 76.4 Fibo at 0.7225/35
- Close above 0.7235 would open up a move to the 200 DMA at 0.7298
- USD/CNH 200 DMA is at 6.7441, low so far 6.7356, tonight's close key
- USD/AXJ dragged lower by moves in USD/China, buoying risk appetite, AUD
AUD daily: Click here
CNH daily: Click here
Source:
Thomson Reuters IFR Markets