AUD/USD chart - Trading View
AUD/USD was trading 0.27% higher on the day at 0.7490 at around 05:30 GMT. A stronger yuan and risk-on mood underpin Aussie.
The People’s Bank of China (PBOC) maintained the one-year loan prime rate (LPR) at 3.85% for the 18th month in a row at its October fixing.
Meanwhile, the five-year LPR was also left unchanged at 4.65% in October, inline with market expectations.
Chinese yuan rises in the aftermath. Further, IMF's comments on Evergranda’s risk soothes investor nerves, boosting sentiment.
International Monetary Fund’s China mission Chief and Assistant Director in the Asia and Pacific Department, Hedge Berger said that Evergrande risk to China is contained for now.
On the data front overnight, U.S. homebuilding data showed an unexpected fall in September, keeping the USD under pressure.
Building permits dropped to a one-year low amid acute shortages of raw materials and labour, supporting expectations that economic growth slowed sharply in the third quarter.
The dollar index DXY is spiraling lower for the 6th straight session, was trading 0.07% lower on the day at 93.72 at the time of writing.
AUD/USD is extending gains above 38.2% Fib and bullish momentum is likely to carry the pair higher to test 200-DMA at 0.7563.
5-DMA is immediate support at 0.7440. Breach below 110-EMA support at 0.7409 will change near-term dynamics.


FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro:EUR/AUD eases but bullish outlook persists
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 



