China news sends AUDUSD lower

Good news on China is good news for AUD.

Bad news on China is bad news for AUD.

The China "walking back" trade offers is bad news (although it may be normal) and the AUDUSD has moved lower.

Tempering the fall so far, are recent swing lows from yesterday and today AND the 100 hour MA at 0.7085. A move below that MA would open up more downside potential.

China news sends AUDUSD lower