FxWirePro: AUD/USD slips on weak China data, maintains bearish bias
AUD/USD declined on Thursday as Australian dollar was weighted down on disappointing Chinese trade data and expectations that Federal Reserve will raise interest rates in December. The pair remains under bears control un…
AUD/USD declined on Thursday as Australian dollar was weighted down on disappointing Chinese trade data and expectations that Federal Reserve will raise interest rates in December.
The pair remains under bears control unless until it trades below 0.7630 resistance level, therefore it is good to sell this pair on rallies.
To the upside, immediate resistance can be seen at 0.7590, a break above this level would take the pair towards next resistance level at 0.7630.
To the downside immediate support can be seen at 0.7549, a break below this level will open the door towards next level at 0.7505.
