View full page at forexfactory.com

 

AUDUSD Breakout Trade Still on Watch

From tickmill.com

The Aussie Dollar continues to push higher today as risk-on trades benefit from a weaker USD ahead of tomorrow’s CPI data. The Aussie has bounced firmly off the .6520 level, boosted by the rally in gold and commodities prices as well as better data out of China recently. Improved factory sector readings and better growth figures have bolstered the view that the Chinese economy is putting in a bottom against the weakness we saw over the end of last year and early this year. This is of course great news for Australia given the level of exports serviced to China. The bigger story for the Aussie currently, however, is ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis