Thursday, October 15, 2026

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FxWirePro: AUD/USD recovers from PBOC led slump, retakes 0.74 handle

AUD USD slumped from session high level of 0.7473 to hit lows of 0.7371 on talks of PBOC allowing the Yuan to devalue further. Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-rejected-at-session-highs-by-0…

By FxWire Pro
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FxWirePro: AUD/USD recovers from PBOC led slump, retakes 0.74 handle
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  • AUD USD slumped from session high level of 0.7473 to hit lows of 0.7371 on talks of PBOC allowing the Yuan to devalue further.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-rejected-at-session-highs-by-07472-good-to-sell-on-rallies-229607) has achieved all targets.
     
  • The pair has since pared most of the losses and has reclaimed the 0.74 handle and is currently trading around 0.7438 levels.
     
  • Bias for the pair higher as long as support at 0.7422 (20-DMA holds), break below could see downside upto 0.7332.
     
  • Resistance on the upside aligns at 0.7447 (10-DMA) ahead of 0.7456 (June 29th highs).
     
  • Focus now on US weekly jobless claims and Chicago PMI data, scheduled later during NA session.
     
  • Apart from the US data, Friday's release of Chinese manufacturing PMI for the month of June will also be watched for further direction.
     

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team