DislikedAUD/USD double impact of China purchase of European debt plus Capex numbers has spurred AUD bulls.
1.0560-70 res breached 1.0620 still the big containment.
1.0450 level found sovereign buyers last night..
I dont see much has changed.
China always stated that it had european debt interest.
CAPEX maybe up but economy still on shakey grounds.
Europe will test the merit ..Ignored
Unwinding of Long AUD Short NZD positions could spark further sell off towards 1.3000