#AUDUSD Markets Remain Cautious

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The Aussie ran into fresh bids at 0.7220 and jumped higher thereon, as markets gear up for a RBA on-hold stance ahead of Chinese PMIs.

AUDUSD eyes 0.7286 levels 

Markets shrugged off the official mixed set of Chinese PMIs and now await the RBA decision, with markets wide anticipating the central bank to keep the policy steady, which further bolstered the AUD bulls.

China’s official manufacturing Purchasing Managers' Index (PMI) fell further into contraction, coming in at 49.6 in Nov against 49.8 reading seen in Oct. While the non-manufacturing PMI rose to 53.6 last month, as compared to 53.1 seen in Oct.

Meanwhile, markets remain cautious ahead of the Caixin Chinese manufacturing surveys and RBA decision due later this session.

Technical Analyse : 

Pendapat aku, aussie remain bearish. AUDUSD adalah rally pair, setiap correction yang berlaku kebiasaan akan mencecah 100% atau 161.80% Fibonacci. Jika aussie menembusi garis trendline daily (seperti gambar diatas), Aussia mungkin mencecah 161.80% Fibo pada harga 0.73516. Close above 0.73516 could extend bullish to High 12.10.2015 (0.73779)

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