AUD/USD testing the daily tenkan line - FXStreet

FXStreet (Córdoba) - Ivan Delgado, Head of Asian Editors at FXStreet notes that the AUD/USD is testing the daily tenkan line and that the pair is expected to find sellers below 0.9400.

Key Quotes:

“AUD traders should be reminded that the retreat in the Aussie comes after price rejected the bottom of the weekly cloud, an area that covers .9460 up to .9710”.

“Note price action along Asian trade will be determined by trader's reaction to China data dump, which includes the GDP reading for Q1, 2014”.