-
Copper, USD/CNH and AUD/USD outlook boost by China stimulus
Ahead of key central bank decisions, we have seen some adjustments in risk assets today, with markets associated with China doing relatively well following news that top leaders in China indicated more support for the real estate sector. We have seen a big move in copper and other metal prices, with crude oil, yuan and Aussie all also pushing higher. So, in this edition of Technical Tuesday, we will provide analysis on the AUD/USD outlook, as well as the USD/CNH and copper. chart The AUD/USD has held key support between 0.6700 to 0.6720ish so far this week, in a sign that investors are now happy to push rates ... (full story)