The surging optimism from China before the Golden Week holiday gave the aussie a noticeable boost. But that has largely faded as the dollar rebounded and also as investors are coming off cloud nine on the China optimism. Chinese equities have been rather shaky since the return from the holidays and that is continuing to this week. Likewise, the yuan is down against the dollar since the start of the month - now seen at its lowest in five weeks.That is putting pressure on AUD/USD, despite a more positive risk mood in broader markets. The pair has fallen below 0.6900 this month and is now meeting a key support level on the daily chart.The 100-day moving average (red line) was a key level in hol
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