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26 Feb 2014
AUD/USD retesting 0.90 after sharp sell-off
FXStreet (Bali) - AUD/USD continues to recover off 0.8969 lows to currently face the 0.8990/0.90 support-turned-resistance area.
Despite the PBOC set today's USD/CNY reference at 6.1192 vs yesterday's 6.1184, with USD/CNH rising to 6.1260 new highs, AUD/USD has remained resilient on its corrective move up following the early sell-off.
Technically, the AUD/USD should regain the 0.90/0.9010 area to ease bearish pressures for the Asian session. If the selling resumes, expect the 0.8969 session low to comes into focus ahead of 0.8950 and 0.8937.
Despite the PBOC set today's USD/CNY reference at 6.1192 vs yesterday's 6.1184, with USD/CNH rising to 6.1260 new highs, AUD/USD has remained resilient on its corrective move up following the early sell-off.
Technically, the AUD/USD should regain the 0.90/0.9010 area to ease bearish pressures for the Asian session. If the selling resumes, expect the 0.8969 session low to comes into focus ahead of 0.8950 and 0.8937.