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Thomson Reuters
Aug 08 - 08:36 AM
AUD/USD - On Course For Another Deja Vu Weekly Close
First appeared on eFXplus on Aug 08 - 06:20 AM
  • AUD/USD dropped to test 0.7412 after SSEC closed down 1.3 pct nL4N1UZ1PP
  • 0.7412 is a former resistance turned support level (Aug 2/3 double-day high)
  • One of the roles of the AUD is to be a liquid proxy for China sentiment
  • 0.7440 was Tuesday's high after AUD shorts squeezed on 2.7 pct SSEC rise
  • Chinese exports accelerate even as Trump escalates trade war nL4N1UZ23B
  • AUD/USD set for ninth consecutive weekly close within 25 pips of 0.7420

AUDUSD: Click here

Thomson Reuters IFR Markets


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