Technicals

Add as a preferred source on Google

FxWirePro: China manufacturing PMI miss weighs on the Antipodeans, AUD/USD below the 0.73 handle

AUD/USD is currently trading at 0.7295, with a high of 0.7316 and a low of 0.7290 so far Big miss on the China Manufacturing PMI for July that arrived at a two year low has weighed on the Antipodean currencies The pair i…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • AUD/USD is currently trading at 0.7295, with a high of 0.7316 and a low of 0.7290 so far

  • Big miss on the China Manufacturing PMI for July that arrived at a two year low has weighed on the Antipodean currencies

  • The pair is struggling to get past the 0.73 handle, trades rangebound with momentum still bearish

  • Tuesday's RBA policy decision and key Australian unemployment data later this week will be watched for cues

  • Immediate resistance is seen at 0.7299 (4h Tenkan-Sen) and support is seen at 0.7256 (daily lows July 28) 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560