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AUD/USD Bounces on PBOC & Chinese Trade Data, But is it a False Dawn?

Discussion in 'Technical Analysis' started by Kaitlin, Jan 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    It's said that the night is blackest just before the dawn, and investors clearly had a very dim short-term outlook on China's economy earlier this week. After some aggressive action from the People's Bank of China (PBOC) and better-than-expected trade data, there is a glimmer of hope on the horizon,[​IMG]

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