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Thomson Reuters
Apr 17 - 12:12 AM
AUD/USD - Breaks 200-Day MA On Better China Data
First appeared on eFXplus on Apr 16 - 10:10 PM
  • AUD/USD above 0.7180 after China growth data came in better than expected
  • China Q1 GDP +6.4% vs 6.3% expected, but March IP was the real eye-catcher
  • March IP rose 8.5% Y/Y vs +5.9% expected nAZN0001GK
  • AUD/USD has moved above 200-day MA (0.7190) for first time since in 12 mths
  • The objective of the move is the 2019 high at 0.7295

Source:
Thomson Reuters IFR Markets

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