AUD soared because of Chinese data beat expectations with Caixin reporting unexpected strength in China’s manufacturing sector last month. But Australian data is weak on a fundamental basis. There’s been more weakness than strength in Australia and China’s economies since the last Reserve Bank meeting. So for RBA, the monetary policy announcement expect to push AUD down. if this really happens, GBPAUD might able to soar to 1.95000.
BUY TARGET : 1.95000.
POSSIBLE BUY ENTRY : 1.89659
BUY TARGET : 1.95000.
POSSIBLE BUY ENTRY : 1.89659