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Derived real-time data in partnership with:
Thomson Reuters
Sep 03 - 12:12 AM
AUD/USD - Holding Above Support At 0.7160 For Now
First appeared on eFXplus on Sep 02 - 10:00 PM
  • AUD/USD traded as low as 0.7165 after weaker than expected Aus Retail Sales
  • Key support at Dec 2016 trend low at 0.7160 held - prompting small bounce
  • Caixin Aug China MFG PMI as expected at 50.6 - no reaction in AUD/USD
  • Sentiment towards AUD very bearish due to a number of factors
  • EM & trade war concerns, lower commodities and global growth concerns weigh
  • Break below 0.7160 initially targets minor support at May 2016 low at 0.7145

aud/usd Click here

Source:
Thomson Reuters IFR Markets

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