Wednesday, July 16, 2014

All is well with China`s GDP

I entered long for AUD/USD with China`s recent GDP figures. The actual data beat forecast and previous period by 0.1%.

In addition to the expansion of the economy, industrial production shared the same note.

I closed my AUD/USD within a day with some gains. It was a regrettable decision as this pair continued to rise after I closed. Resistance broke, continuing the bull run for the AUD.

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