By John Noonan — May 08 - 08:35 PM
AUD/USD traded below last week's 0.7030 low to 0.7024
E-minis are over 1.0% lower in a gloomy start to the Asian session
Next support of note is at the 2022 low at 0.6967 made on Jan 28
Talk of bids ahead of 0.7000 may slow the move lower
China growth concerns a negative for AUD with China trade data out today
China's COVID policy has severley impacted China economic data nL3N2WO2U3
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Source:
Refinitiv IFR Research/Market Commentary