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CNY down 0.68%

USD
  • USD is finding a small bid, some potential spillovers from the extension higher in USDCNY, with the Dollar favoured, following the Russian debacle.
  • USDCNY now targets the 28th November high at 7.2408 (prices are according to Bloomberg).
  • AUDUSD makes another intraday low, and eye another test at 0.6663 Low Jun 23.
  • A clear break through the latter, opens to 0.6627 61.8% retracement of the May 31 - Jun 16 rally.

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