Friday, October 16, 2026

Technicals

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AUD/USD down close to 1.3% in wake of shocking China trade data earlier

CN trade did the damage but much concern now over Wednesday CN GDP data Hard to see AUD/USD recovering much in the short-term AUD also hard down against EUR and GBP in a reversal of last week's gains EUR/AUD down 4% last…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • CN trade did the damage but much concern now over Wednesday CN GDP data

  • Hard to see AUD/USD recovering much in the short-term

  • AUD also hard down against EUR and GBP in a reversal of last week's gains

  • EUR/AUD down 4% last week and recover to 1.2% today 

 

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By FxWirePro Team