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Thomson Reuters
Apr 23 - 07:24 AM
AUD/USD - Close To Two-Week Low Before Aussie Inflation Data
First appeared on eFXplus on Apr 23 - 05:40 AM
  • AUD elicited support at 0.7110 after extending south from 0.7139 (Asia high)
  • 0.7110 was April 10 low (0.7111 = 55DMA). More bids expected by 0.7100
  • AUD/USD has traded north of 0.7100 for over a fortnight (since April 8)
  • Chinese equity price weakness is helping weighing on the risk-sensitive AUD
  • SSEC closed down 0.5 pct today to follow Monday's 1.7 pct drop nZZN2RKB00
  • Australian Q1 inflation data due Wednesday 0130GMT, +1.5 pct YY f/c

Australian inflation data: Click here

Source:
Thomson Reuters IFR Markets

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