Although no major reaction to China’s August month Industrial Profits could be witnessed, AUD/USD remains under short-term key resistance confluence while taking rounds to 0.6750 during early Friday. China’s Industrial Profits declines -2.0% on a yearly basis versus +2.6% prior whereas MoM reading reprints -1.7% mark. With this, the Aussie pair stays under 0.6858/60 resistance-confluence including 50-hour exponential moving average (EMA) and last-week’s low. As a result, chances of its further declines to 0.6700 round-figure and then to the monthly bottom close to 0.6690 seem brighter. Meanwhile, pair’s run-up beyond ... (full story)