AUD/USD: More stops tripped above 1.0540

The market is now awaiting the HSBC China flash PMI number and the bears are getting nervous. More stops have just been tripped above 1.0540 and if the number comes in well above 50, then we might see another push higher.

  1. heard SNB is already selling at 1.2928 area and that Directional names were seen buying eurgbp. Any word on china or sovereign activities?

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