The Aussie goes into tonight's 'Nylon' session firmly on the back foot where US GDP gets the final say for the week. Wednesday's 4-week high required three data sets to break it above 0.748 resistance. The fact it toppled over on the back of US inflation data last night to crash below 0.748 and within the previous range should act as start reminder of who is in control of the Aussie at present. Closing the session with a Bearish Engulfing Candle and back within range it starts today’s session on the back foot. The intraday price action clings onto a mildly bullish channel but I expect that if we do see any bullish ... (full story)