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Oct 19 - 01:55 AM

AUD/USD - Bid But Off Highs After China GDP Miss

By John Noonan  —  Oct 18 - 11:25 PM
  • AUD/USD opened 0.7077 and after trading at 0.7072 it tracked higher

  • Moves up in Asian equities and E-minis on US aid plan hopes underpinned nL4N2HA0VA

  • AUD/USD traded to 0.7109 when a few stops were triggered above 0.7100

  • It was around 0l.7100 when China data was released with mixed results

  • Q3 GDP missed expectations while retail sales and IP exceeded

  • AUD/USD didn't react righ away, but started to drift lower late morning

  • Heading into the afternoon it is trading just below the 0.7090 level

  • Support @ last week's 0.7056 low and break targets trend low at 0.7006

  • Resistance is at 0.7135/45 where the 10 and 21-day MAs converge

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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