Forex: AUD/USD hits 10-day low under 1.0500 (Córdoba) - The Australian dollar failed to benefit from positive Chinese data, and weakened versus the greenback on Friday, having erased yesterday's gains and lost over 60 pips throughout the day.

AUD/USD broke below the 1.0500 mark and hit a fresh 10-day low of 1.0484 before finding support at the crossover of 100 and 200 SMA in 4 hour charts. At time of writing, AUD/USD is trading at the 1.0495 area, recording a 0.5% daily loss.

The Aussie has had a choppy week, seesawing in a roughly 100-pip range between 1.0485 and 1.0580, and it is on track to end it 0.3% lower.