By Justin Mcqueen — Nov 11 - 07:00 AM
USD/CNH prints fresh post-election high (7.22) as dollar bid extends
With RBA playing second fiddle, yuan price action should guide AUD
For now, U.S. election/trade risks to trump local AU newsflow
Talk of trade hawk Lighthizer as Trade Sec pushed back nL1N3MF12A
Though such outcome would likely prompt kneejerk move lower for CNH, AUD
A move through 7.30 in USD/CNH could take AUD below 0.65
Resistance in AUD/USD = 0.6630 (200DMA), 0.6688 (post-election high)
Support = 0.6513 (Nov 6 low), 0.6500
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary