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Thomson Reuters
Aug 01 - 03:48 AM
AUD/USD - Probes Lower As Trade Issues And China Data Weigh
First appeared on eFXplus on Aug 01 - 02:05 AM
  • AUD/USD lower as Europe gets started, hits a low of 0.7405 so far
  • Technical signals mixed as s/t MAs flat line around the current price
  • 5,10 and 21 DMAs all bunched in 0.7405/08 area, momentum studies not clear
  • Thurs/Fri lows at 0.7370/72 next level of support on a close below 0.7405
  • Increasing trade tensions and China data weigh nL1N1US02F, nL5N1US08Z
  • But in these summer markets unlikely to see a break of recent ranges

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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