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Thomson Reuters
May 15 - 12:12 AM
AUD/USD - Modest Dip On China Data Miss, Will Weigh Offshore
First appeared on eFXplus on May 14 - 10:20 PM
  • China retail sales, IP and urban investment missed
  • AUD dipped to 0.6922, returned to 0.6933 and is now back on the low's
  • China data will not be well received offshore and will weigh on risk/AUD
  • Momentum studies, 5, 10 & 21 daily, weekly, monthly MAs head lower
  • Bearish setup targets a 0.6852 test, 76.4% of the 2019 move higher
  • Close below would open the door to the 0.6715 flash crash low

aud2 may 15 Click here

Source:
Thomson Reuters IFR Markets

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