The Australian Dollar has not had the best week, despite markets originally perceiving RBA’s monetary policy meeting as slightly hawkish. GDP was softer than expected, primarily weighed down by dire personal consumption before their trade surplus narrowed to the point of nearly vanishing. Taking the negative US-AU yield spread into account, firmer Greenback and pending NFP report, AUDUSD could have found itself below 75c had it not been for strong Chinese trade data today. We deem the 75c area to be of significance as it marks a pivotal area which could provide bullish or bearish setups further out. Yet whilst 75c is ... (full story)