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AUD/USD lost over 1 big figure on............>

AUSSIE
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.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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