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Aug 14 - 10:55 PM

AUD/USD - Key China Data Today May Impact Sentiment

By John Noonan  —  Aug 14 - 08:35 PM
  • AUD/USD steady around 0.7120 ahead of key China data later today

  • China house prices, retail sales and IP are on tap

  • Market looking for retail sales to improve to +5.0% Y/Y and +4.6 % for IP

  • AUD has been supported of late by a strong rebound in metal prices

  • If China data misses expectations, it could negatively impact commodities

  • AUD/USD resistance is at the 200-day MA at 0.7150 and 50% retrace at 0.7171

  • Support is at the 100-day MA at 0.7080 and former resistance at 0.7045/55

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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