Australia is a big exporter to China and its economy and currency reflect any change in the situation in that country currently CHN is down due to trade war between the US and China so AUD is going down but today Australian Dollar is trading little changed around 0.7400 as the broad-based US Dollar strength lost its traction with the Michigan consumer sentiment fell to 97.1 in July, missing the market expectations but it will not hold long time so sell the AUD and make more profit and trade plan accordingly. AUD is totally dependent on china and currently china local data is not support which means AUD will go down further.
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