Trial now

Remains on the front foot


‌‌(Z1)‌‌ Fails To Hold Onto Recent Gains


Gilt/Bund spread breaks above the double top


Weekly Claims, Retail Sales, TIC Flows

AUSSIE: AUD/USD lost over 1 big figure on Wednesday, weighed on by an increase
in U.S.-China trade tensions and a stronger greenback putting immediate focus
back on the YtD low of $0.7311. However, AUD/USD has been supported by an uptick
in AUD/JPY and the broader relief rally in equities, to last deal at ~$0.7380.
- The close below the 21-DMA ($0.7399) reconfirmed bear's convictions, with
daily studies well placed for a fresh leg lower. Layers of resistance have
followed the pair lower and add to bearish confidence. Bulls now need a close
above yesterday's hourly resistance ($0.7415) to gain breathing room.
- There is little in the way of Australian tier one data apparent during the
remainder of the week, so focus is likely to remain on global risk appetite.
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