Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

AUD/USD softened to session lows of..........>

AUSSIE: AUD/USD softened to session lows of $0.7410 in early dealing on the back
of headlines suggesting that the U.S. is considering levying a 25% tariff on
Chinese goods, up from the prior 10%, although the sources attributed did
concede that the touted higher tariffs may not come to pass, with the cross
recovering to $0.7420 last.
- AUD/USD's 50-DMA ($0.7462) and the upper end of the major descending channel
(now $0.7485) provide formidable resistance which need to be overcome to
generate a bullish signal. Initial support is located at the July 30 low
- China's Caixin Manufacturing PMI provides the major risk event for the AUD
today, while the cross will of course be subjected to the goings on at the FOMC
MonPol decision. AU trade data & retail sales due later in the week provide the
domestic headlines ahead of next week's RBA MonPol decision.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.