AUD/USD

The Australian dollar continues looking good. After Australian employment data seemed good enough, figures from Australia’s No. 1 trade partner look even better. China reported a growth rate of 6.7% in Q2 2016 slightly better than 6.6% expected and identical to Q1. Industrial output surprised to the upside with 6.2% instead of 5.9% expected and 6% last [...]

The post AUD/USD continues trending higher in channel after Chinese data appeared first on Forex Crunch.

AUD/USD is currently trading at 0.7065 with a high of 0.7171 and a low of 0.7043. AUD/USD has been supported in the US session after the release of the dovish FOMC minutes. The price had otherwise been in free-fall in the start of 2016 on the back of the Chinese ...