AUD/USD: The Australian dollar edged lower after data showed growth of China’s industrial output slowed much more than expected to 4.8 percent in July from a year earlier, its slowest pace since February 2002, while retail sales and fixed-asset investment in July also grew less than forecast, highlighting concerns the trade war is damaging the health of the Chinese economy. The Aussie trades 0.1 percent down at 0.6787, having hit a low of 0.6677 last week, it’s lowest since March 2009. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6725, a break below targets 0.6700. On the upside, resistance is located at 6831 (38.2% retracement of 0.7082 and 0.6677), a break above could take it near 0.6879 (50% retracement).
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