There is very little on the economic data agenda today
What we do have is at 2330GMT from Australia, ANZ Roy Morgan weekly Consumer Sentiment for the week ended July 26, prior was a decent bounce from 107 to 111.8.
This is not usually an immediate FX market moving data point.
All eyes will be on Chinese equity markets again today following the big falls in the afternoon session yesterday.
No afternoon delight for you!
-
AUD should be responsive to Chinese equity market moves, at least during the session. Buying took it to fresh Monday highs in Europe, but its given it all back in the US time and goes into the (very) early Sydney trade near the week's lows. Like I said, its going to take its cues from China, but until then resistance starts around 0.7280. Support ... if you look the left on the chart you can see a close-by previous low, if that's any good. I wouldn't be placing any reliance on it, though. I'll be back with the orders soon ... we might get a clue from there .... but it looks very heavy.
