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Jan 16 - 11:00 PM

AUD/USD - Little Reaction To Solid China Data

Published on Jan 16 - 09:15 PM
  • AUD/USD barely moving after a slew of China data including Q4 GDP

  • GDP as expected at +60.0% Y/Y, but Dec retail sales and IP slightly better nAZN002XP7nAZN002XS0

  • AUD/USD traded down to 0.6884 earlier and is currently around 0.6895

  • The solid China data and risk-on mood in markets should underpin AUD

  • Support at triple bottom and 100-day MA between 0.6840/50

  • Resistance at the 50% retracement of 0.7032/0.6849 at 0.6940






eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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