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Apr 15 - 11:55 PM

AUD/USD - Under Heavy Pressure Ahead Of Key China Data

By John Noonan  —  Apr 15 - 09:40 PM
  • AUD/USD testing 76.4 of Oct-Dec 2023 rise at 0.6412 as USD firms in Asia

  • A break below 0.6400 targets eventual move to the Oct 26 trend low at 0.6271

  • Key China data out shortly with Q4 GDP, March IP and retail sales on tap

  • Talk of sellers at 0.6440/45 and more ahead of 0.6500 likely to cap rallies

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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