- PPI shows the economy is slowing
- This seems likely given the disappointing Chinese data that has been coming out lately
- Would cause a drop to the 1.015-1.017 range
- PPI surprises to the upside
- Still capped in the 1.03-1.035 range due to USD strength and bad Chinese data
- Personally, I'm risking 1.03 with 1.015 in sight. It has the highest risk/reward ratio, and I see it as most likely given a variety of economic data out of AUD and CNY .