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Fundamental Analysis
AUD/USD
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[QUOTE="ForexSignalses, post: 162238, member: 59138"] [B]AUD/USD eases from tops, still to your liking above 0.7100 marks ahead of US macro data[/B] Upbeat Chinese manufacturing PMI provides a goodish lift at the begin of an optional connection week. The USD bulls seemed rather unimpressed by the ongoing upsurge in the US sticking together yields. The upside remains capped ahead of today's important US macroeconomic releases. The AUD/USD pair trimmed a share of its forward hermetically sealed gains, albeit has managed to terminate prosperously above the 0.7100 handles through the mid-European trading session. The pair built regarding Friday's goodish bounce and opened considering a bullish gap at the begin of an additional trading week in tribute to stronger Chinese commissioner manufacturing PMI print, which unexpectedly returned to expansionary territory in March. Moreover, China's Caixin manufacturing PMI for March along with bettered alleviate expectations and eased concerns of a deeper slowdown in the world's second-largest economy and provided an additional boost to the China-proxy Australian Dollar. Meanwhile, a bounce in Chinese manufacturing enthusiasm triggered a bustling allergic reaction of risk-on atmosphere, which coupled when the latest optimism on a pinnacle of enlarging in the US-China trade talks undermined the US Dollar's relative safe-waterfront status and remained in concurrence. However, a sound follow-through upsurge in the US Treasury sticking to yields helped limit any supplementary meaningful USD downtick and turned out to be the isolated factor keeping a lid upon any auxiliary taking place-concern, gone the pair failing ahead of mid-0.7100s (last week's exchange high). Moving ahead, today's US economic docket, highlighting the official pardon of monthly retail sales data and ISM manufacturing PMI, will now concern the USD price dynamics and manufacture some meaningful trading opportunities during the to the lead North-American session. [/QUOTE]
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