A Weaker AUD? Technical And Sentiment Case

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Retail Sales + inflation data out of Australia has increased the case for short side negative bias.

That coupled with recent news around china has caused large falling momentum.

Long zones therefore persist below as sentiment wanes and true price preference occurs.

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ملاحظة

Antipodean weakness (particularly in AUD) stemming from China woes and safe haven buying.



Push from this near term TL not ideal. Would not be surprised if drip lower into Monday.