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Thomson Reuters
Apr 15 - 12:12 AM
AUD/USD - Offered Tone Early But China Optimism Underpins
First appeared on eFXplus on Apr 14 - 09:50 PM
  • AUD/USD traded down to 0.7164 earlier on light profit-taking in AUD-crosses
  • AUD outperformed Friday after strong China trade and lending data
  • The AUD/USD rally held the 200-day MA (0.7192) leading to some profit-taking
  • Reuters reports US watering down demands that China cut industrial subsidies
  • Improving China data and US-China trade deal hopes should underpin AUD/USD
  • Event risks this week include RBA Minutes, Aus jobs and China growth data
  • AUD/USD support at 21-day MA, which comes in at 0.7114 today

aud/usd Click here

Source:
Thomson Reuters IFR Markets

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