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Aug 08 - 10:55 PM

AUD/USD - Muted Reaction To China July Inflation Data

By John Noonan  —  Aug 08 - 09:50 PM
  • China July CPI in deflation territory but slightly better than expected nP8N39K006

  • AUD/USD slightly better bid after above 0.6540 after hitting 0.6529 earlier

  • USD/CNH slightly lower at 7.2285 after trading 7.2442 earlier

  • AUD/USD resistance is at the 10-day MA at 0.6600 with sellers at 0.6580

  • Support is at yesterday's 0.6497 low and the 2023 low at 0.6459

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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