The Australian Dollar (AUD): Short covering remained from last week, the pair opened up at 0.9082 and rally started immediately pushing the AUD above 0.91. Today’s main focus will be the Chinese March HSBC manufacturing PMI. The prior reading was 48.3 which indicates contraction. If the data comes in poor, pressure will hit on AUD again however, if it comes in good then 0.9150 resistance level could be tested today.
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