AUDUSD has turned lower again after capping into 0.7300 16 May 2016
The pair opened up on the back foot as I suggested it would after the weaker than expected/previous Chinese data.
Since then it's shown a bit of life but now back in retreat at 0.7281 after failing to make any serious attempt on 0.7300 and capping at 0.7292.
Expect demand in the dips to 0.7270 and more into 0.7250. Offers building now into 0.7300 and we should see some decent two-way business down here.
