AUD from Jamie Lawes : With external factors still weighing on Aussie (more weaker data out of China overnight-Aug Flash PMI Fell to 47.1), we remain short and will again look to sell into a 50 pip rally today, with a tight stop above the recent highs up around 0.7375/80. To the downside the 0.7280/85 region now seems quite important, having held on quite a few occasions now. A weekly close below this opens up a test of 0.7000 and I will be adding on a break.It is also worth noting
EURAUD broke a series of previous highs yesterday around 1.5300. Longer term however we are still in the channel, albeit nearer the top, which comes in towards 1.5600.
{GB} EURGBP opens above the 100dma and the squeeze in EUR is dominating whilst GBP doesnt manage to outperform. Next level is .7215/20 our trader is now flat now after having (unsuccessfully) tried to fade the move this week.
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