AUD/USD @ .8950
Weak HSBC PMI triggered the sell off from .9000
Next decent support after .8950 is .8925
Now how much did Chinese New Year play in this stat ?
On top of this we have had winter woes in northern hemisphere so the true indication wont happen until next month I think.
Lets look at the bigger picture .. It's still in a broad range 86-91 and I think the authorities would be contented with that.
Unless you are a range player nothing to see here ..
Happy Hunting
Weak HSBC PMI triggered the sell off from .9000
Next decent support after .8950 is .8925
Now how much did Chinese New Year play in this stat ?
On top of this we have had winter woes in northern hemisphere so the true indication wont happen until next month I think.
Lets look at the bigger picture .. It's still in a broad range 86-91 and I think the authorities would be contented with that.
Unless you are a range player nothing to see here ..
Happy Hunting