China’s Q3 GDP, Retail Sales, and Industrial Production for September beat expectations. China’s Country Garden is still at risk of an imminent default as its grace period of overdue bond coupon payments of US$15.4 million expires today. The FX market is ignoring the default risk of Country Garden as the offshore yuan (CHN) has continued […]
The post EUR/AUD Potential Short-Term Downside Pressure after Upbeat China Data appeared first on Action Forex.
Daily Pivots: (S1) 1.6230; (P) 1.6275; (R1) 1.6351; More… Intraday bias in EUR/AUD stays neutral as consolidations continues above 1.6125. Further decline is expected with 1.6594 resistance intact. Firm break of 1.6125 will resume the Read more…
Daily Pivots: (S1) 0.9088; (P) 0.9115; (R1) 0.9162; More…. EUR/CHF extended rebound and firm break of 0.9092 support turned resistance suggests short term bottoming at 0.8979. Sustained trading above 38.2% retracement of 0.9394 to 0.8979 Read more…
Daily Pivots: (S1) 0.7022; (P) 0.7065; (R1) 0.7131; More… Intraday bias in AUD/USD stays neutral as range trading continues. With 0.6943 support intact, further rally is still expected. On the upside, firm break of 100% Read more…