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Thomson Reuters
Jul 08 - 05:00 PM
AUD/USD - Nears Resistance As Risk Sentiment Recovers
First appeared on eFXplus on Jul 08 - 03:45 PM
  • AUD/USD tests 0.7443-51 resistance on risk positive US jobs data
  • Muted reaction to US-CN tariffs but cautious as trade worries fester
  • Duelling tariffs raise fears of long US-China trade battle nL4N1U206X
  • Slowing China economy provides a negative backdrop nL4N1U3012
  • No local data or events this week; focus to remain on China stocks/CNY
  • Rally above 0.7443-51 alleviates selling pressure; Support at 0.7400-10

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