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Thomson Reuters
Apr 03 - 12:12 AM
AUD/USD - Above 0.7100 After Stronger China Services PMI
First appeared on eFXplus on Apr 02 - 09:55 PM
  • AUD/USD once again trying to breach 0.7100 after better Caixin Services PMI
  • AUD supportive news coming in thick and fast starting with better Aus data
  • Stronger than expected Aus Retail Sales and Trades a comfort to RBA
  • After the data came an FT report saying US & China closer to a trade deal
  • Risk assets are rallying, which should provide even more support for AUD/USD
  • Sellers around 0.7100 capping, but break targets test of 100-day MA @ 0.7147

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