AUD/USD retesting 0.90 after sharp sell-off

FXStreet (Bali) - AUD/USD continues to recover off 0.8969 lows to currently face the 0.8990/0.90 support-turned-resistance area.

Despite the PBOC set today's USD/CNY reference at 6.1192 vs yesterday's 6.1184, with USD/CNH rising to 6.1260 new highs, AUD/USD has remained resilient on its corrective move up following the early sell-off.

Technically, the AUD/USD should regain the 0.90/0.9010 area to ease bearish pressures for the Asian session. If the selling resumes, expect the 0.8969 session low to comes into focus ahead of 0.8950 and 0.8937.