By John Noonan — Aug 14 - 06:55 PM
AUD/USD opens -0.14% after recovering from a fresh 2023 low at 0.6454
Relative calm on Wall Street contrasted extreme risk-off mood in Asia nL1N39V2C6nL8N39V1EZ
Focus now shifts back to China's economy with retail sales and IP out today
July IP expected unchanged at +4.4% - retails sales +4.5% from 3.1% in July
Aus Wage Price index also out today - along with RBA minutes
AUD/USD resistance is at 0.6529 and break would ease downward pressure
Support is at 76.4 of 0.6170/0.7158 at 0.6403 with bids at 0.6450
Key will be mood in Asia equity markets after Monday's selloff
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Source:
Refinitiv IFR Research/Market Commentary