By John Noonan — Apr 17 - 10:15 PM
AUD/USD briefly firmed to session high after better China Q1 GDP release nB9N35S02F
China March retail sales also better than expected nB9N35S02G
AUD/USD gains limited as market was positioned for a better China GDP
AUD/USD back around 0.6710 - but still above Monday close at 0.6701
Sellers at 0.6725 capping for now - but strong China data should underpin
Key will be reaction in key commodities to the better China data
AUD/USD support is at 0.6696 where the 10 & 21-day MAs converge
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary