UPDATE: AUDUSD @ 0.7515 As of 3.9.16
UPDATE: AUDUSD @0.7425 VALIDATES TRADE CALL
UPDATE: AUDUSD @0.7425 VALIDATES TRADE CALL
The strong GDP data coming from Australia finally gave quite a good lift for the AUSSIE. Although, there were some previous doubts as to when momentum would begin to build to justify the technical trade setup that it presented itself at an earlier stage.
The closer relative correlation with China draws a dividing line compared with the USD as a major trading partner. But for position trading the Aussie Dollar aside for having a reasonable swap rate compared with the rest would be considered a market potential, as we made mention in our position trade setup to our client / constituents.
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