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A ~12 pip leg higher in AUD/USD registered...>

AUSSIE
AUSSIE: A ~12 pip leg higher in AUD/USD registered in reaction to Chinese
economic data allowed the pair to have a brief look above its 100-DMA at
$0.7022, where it sits at writing. A clean breach of the level would expose the
upper 1.0% 10-DMA envelope at $7060. Meanwhile, bears look for a fall below the
mi-point of the YtD range at $0.7018. Worth noting AUD/USD has remained within a
~20 pip range so far.
- As a reminder, Chinese Q2 GDP figures broadly met expectations, while June
retail sales and industrial output data was better than forecasted.

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