AUDUSDAustralian Dollar / US Dollar
0.7165
-0.08%
SUPPORT:0.7110.7055
RESISTANCE:0.7220.7274
Past
What happened
Aussie slipped 0.08% to 0.7165, ignoring the dollar weakness as soft iron ore and a cooler China PMI undercut the commodity bid.
Why
Why it matters
AUD is the cleanest read on China growth, not the US dollar — and China data has been a one-way bet lower, so the pair underperforms on broad USD-down days.
Watch
What to watch
0.7120 is the 50-day support line; break of 0.7200 is needed to re-engage with the dollar story.
HEADLINES
- Dollar drifts lower as oil falls on Hormuz deal optimismReuters
- The Dollar is Now Lower Than When the Iran War BeganThe Wall Street Journal
- Dollar softens as Middle East ceasefire holdsReuters
- Why is the Australian Dollar Rallying?Barchart
- The Next Trade You Should Make Comes from the Land Down UnderBarchart