Yesterday’s China flash PMI data gave us yet another insight into the bullish momentum being generated by the AUD at present. Despite some relatively poor data, the AUD/USD dipped 30 pips but quickly regained those losses and is now trading higher. The big level for me is .9150/75 and if we get a clean break above there then we will see some scared bears running!
GBP/AUD looks like it will close below 1.8100 and even AUD/NZD is starting to show some fight, so the bullish case gets stronger and stronger in my very very biased view.