The Australian Dollar (AUD) fell on growth concerns in China (weaker NBS PMI seen over the weekend), softer iron ore prices while USD broadly rebounded, OCBC’s FX analyst Christopher Wong notes.
AUD may suffer a corrective pullback in the near term
The move lower remains in line with our technical caution for the pullback lower. Pair was last at 0.6783 levels. Bullish momentum on daily chart is fading while RSI eased from near overbought conditions. We remain cautious of a corrective pullback in the near term.
Support at 0.6730, 0.6660. Resistance at 0.6830, 0.6870. Data focus this week on 2Q GDP (Wed). A softer print may see AUD come under pressure.
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: followme.asia
加载失败()