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Thomson Reuters
Mar 14 - 03:48 PM
AUD/USD - China Risks Lead To Support Tests
First appeared on eFXplus on Mar 14 - 01:45 PM
  • China Jan-Feb IP miss weighs nL3N2110AV, further weight added in NY
  • USD/CNH rally and EM currency sales help weigh down AUD/USD nL1N21103V
  • Trump-Xi summit pushed back to April nB9N20U00C, AUD/USD nears 0.7040
  • Early US$ rally fades & UST yields slip a bit, AUD/USD bounces above 0.7060
  • 21-DMA & cloud top cap gains while RSIs fall, techs lean bearish
  • Market needs a catalyst, US Feb IP Fri. & Fed next week could spur traders

chart: Click here

Source:
Thomson Reuters IFR Markets

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