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Sep 06 - 11:55 PM

AUD/USD - China Trade Data Better Than Expected

By John Noonan  —  Sep 06 - 11:10 PM
  • China trade data for August came in better than expected nAZN01L4XU

  • Both imports and exports came in higher than market expectations

  • Data may allay some concerns over slowing activity in China

  • AUD/USD hasn't reacted to the data as market awaits RBA decision

  • AUD/USD traded as high as 0.7456 earlier as market positions for RBA

  • Resistance at Friday's 0.7477 high with break targeting 100-day MA at 0.7541

  • Support is at former resistance at 0.7426

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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