With China continuing to let the yuan weaken, it's tough for the aussie to stay afloat for now. USD/CNY is up again today to 7.28, rising back to its highest levels in two weeks. That's part of the equation weighing on AUD/USD as a whole recently.
But for trading this week, it's all about the dollar side of the equation. The Fed is the main event to watch on the week and that will ultimately settle the score for if we are going to get a steeper downside break in AUD/USD.
The technicals are certainly lining up for it. It's now a case of traders looking to the Fed for confirmation tomorrow.
This article was written by Justin Low at www.forexlive.com.Hence then, the article about aud usd continues to flirt with key support level since last week was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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