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Thomson Reuters
Jul 05 - 03:48 AM
AUD/USD - Pressured By China Stocks And CNY
First appeared on eFXplus on Jul 05 - 01:30 AM
  • AUD/USD takes another leg lower as USD/CNY heads up, SSEC down
  • AUD/USD hits a daily low of 0.7361, from rebound high of 0.7388
  • Working through s/t support, with 61.8 Fibo at 0.7354 up next
  • Risk likely to stay under pressure ahead of US-China tariff announcements
  • S/t MAs and momentum studies mixed, close below 61.8 Fibo at 0.7327 bearish
  • Similarly close above 0.7441/51, 21 DMA and 61.8 Fibo clearly bullish

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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