August 1, 2012
Once again, the Aussie climbed to a new high at 1.0539, but finally settled at 1.0509, up just 8 pips on the day. With a shooting star forming on the daily chart, could this be the beginning of the end for the Aussie’s bullish run?
Nothing headed our way from Australia once again, but take note that Chinese manufacturing PMI figures are set for release today. The index is expected to improve slightly from 50.2 to 50.4. Because of the two country's strong trade relationship, if the report comes in much better than anticipated, it could prompt another Aussie rally today.
Last edited by Pipcrawler; 07-31-2012 at 11:31 PM.
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