By John Noonan — Sep 17 - 11:40 PM
AUD/USD opened 0.6436 after easing 0.16% Friday to 0.6431
It moved higher early Asia when USD/CNH dipped below 7.2750
AUD/USD traded to 0.6445 before sellers ahead of 0.6450 capped
Heading into the afternoon the AUD/USD was trading around 0.6440
Flows were light due to the Tokyo holiday
AUD/USD support is at 10-day MA at 0.6410 where buying interest is tipped
Key support is at the double-bottom at 0.6358
Resistance is at the double=top at 0.6522 with sellers camped around 0.6480
AUD/USD underpinned by cautious optimism regarding China economic recovery
Rising US yields continues to cap AUD/USD rallies and limit gains
More range trading likely ahead of Key FOMC meeting Wednesday
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Source:
Refinitiv IFR Research/Market Commentary