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AUD/USD - AUD continues to suffer on weak China trade data

  • Recent lows at 0.7580 and 0.7553 and high in Asian session at 0.7678

  • Carry trade demand for AUD had helped inflate pair to 0.7739 last week

  • Major support at 0.7534 -6yr low on Apr 2

  • Large 0.76 option expiry today. Size of strike estimated at AUD 1.7bn
  • AFR: Hockey warns of USD 35/tonne iron ore 

 

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