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Thomson Reuters
Jun 10 - 08:36 AM
AUD/USD - Respects June 4 Low After Dropping On China Data
First appeared on eFXplus on Jun 10 - 06:25 AM
  • AUD/USD elicited support pre-0.6957 after extending south from 0.7025
  • 0.6957 was June 4 low. 0.7025 was early Asia high, pre-China data
  • China May imports -8.5% YY, steepest drop since July 2016 nL4N23H0NS
  • More bids expected near 0.6928 (last week's low, June 3) and 0.6900
  • 0.7025 = high since May 8. 0.7022 was Friday's high, after big NFP miss
  • Australian May jobs data is due on Thursday, employment f/c +17.5k

AUDUSD: Click here

Source:
Thomson Reuters IFR Markets

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