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SOUTH KOREA

Surge In Imports Dragged On GDP Says ING

KOREA RATES

Futures Give Back Monday's Gains

CHINA RATES

China Repo Rates Rise on Tuesday

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  • RES 4: 0.7645 High Jun 17
  • RES 3: 0.7617 High Jun 25 and key resistance
  • RES 2: 0.7534/99 High Jul 7 / High Jul 6
  • RES 1: 0.7443/7503 High Jul 16 / High Jul 13
  • PRICE: 0.7335 @ 17:30 BST Jul 19
  • SUP 2: 0.7328 Low Jul 19
  • SUP 3: 0.7304 1.236 proj of Feb 25 - Apr 1 - May 10 price swing
  • SUP 3: 0.7297 2.0% 10-dma envelope
  • SUP 4: 0.7284 Low Nov 24, 2020

AUDUSD traded under pressure Monday. Having slipped lower Friday, the sell-off accelerated into the Monday close prompting new multi-month lows and a breach of support at 0.7410, Jul 9 low and the channel base at 0.7360. This opens a move toward 0.7304, the 1.236 projection of the Feb 25 - Apr 1 - May 10 price swing. Initial firm resistance is at 0.7503, Jul 13 high.