workingtraders

Shorting $AUDUSD into the PBOC Rally.

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUD/USD has fallen, to under 85 cents as Stevens desired in
December 2013, the drop in iron ore prices now has Stevens
looking for a fall further to 75 US cents

China data continues to weaken. Causing a drag on Aussie
dollar. It is highly doubtful that the central bank’s recent policy
easing will prevent China’s economy from
losing further momentum in the coming months.