The
weaker than expected manufacturing data out of China helped push the Aussie
Dollar down to the level we've had posted in this report. In fact the price pushed below the level overnight to create
another new low as US stock and commodity markets dropped. The AUDUSD price is
now sitting just above the level mentioned this week and there is an updated
list of numbers today that I encourage you to review.
What
the sellers of the Aussie really need is for a Daily candle to close sharply
below the level we've discussed and once that happens 0.85c will
be in trader’s sights.
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