FxGrow Daily Technical Analysis – 11th July, 2017
By FxGrow Research & Analysis Team
AUD/USD Loses The Bullish Momentum, Favoring Sideways
AUD/USD failed to sustain the bullish momentum today as it f 0.7626 high, retreating low of 0.7605 during the European trading session. Currently the pair is trading at 0.7608 intraday just above its 100-EMA at 0.7605.
Fundamentally, the National Australia Bank (NAB) Business Confidence Index was neutral recording 9 compared to 8 on previous sessions, but the negative Home Loans data added more pressure over the Aussie. Traders should be aware of the Chinese Trade balance, to be ...
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