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FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
- AUD dumped on Yuan fix, dives to 0.7322, from a three-week peak of $0.7440
- The PBOC decided to lower the RMB 'fix' by the most on record today (-1.9%), AUD hammered on the news
- The depreciation in the Yuan exchange rate has negative repercussion for the Australian economy
- Not helping the Aussie was a survey showing local business confidence and conditions weakening in July in spite of relatively healthy sales and profits
- Immediate resistance is found at 0.7336 (4h Cloud Top), while supports on the downside are seen at 0.7304 (Session low Aug 11), and then 0.7284 (Session low August 4)
0.7336 (4h Cloud Top)
0.7352 (4h 55 EMA)
0.7366 (4h 20 MA)
Support Levels:
0.7304 (Session low Aug 11)
0.7284 (Session low August 4)
0.7260 (Session low August 3)
