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AUD/CNH - China PMI beat forecasts, but uncertainty continues

  • AUD benefits from Iran inspired USD weakness

  • 5 sessions of lower highs & lows leaves 5, 10 & 20 dma's edging lower

  • Momentum studies slip - bearish setup targets psychological 4.7000 low

  • Initial support/resistance 4.7142/4.7540 

 

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