AUD/USD
The
Australian dollar is falling again and lost almost 0.5% in the Asian session. The
reasons are the same: signs of weakening of the Chinese economy and falling iron ore prices. From
a technical point of view AUD/USD still has the opportunity to finish the day
above the level of 0.7400. It
is worth to pay attention to the news of the commodity market, as well as to
the dynamics of the US dollar after today's macro statistics.
USD/JPY
The
pair moved in the middle of the range 110.00-111.00 yesterday, but today it is
testing the local resistance of 111.00 on the strengthening of the American
currency across the whole market. As
we noted earlier the Japanese currency does not have convincing reasons for
growth now, which could lead it beyond the current range. In
the medium term USD/JPY remains bearish, at least until the area of
111.80-112.00 is passed.
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