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Forex Trading: Asian Session Recap and Ranges

Posted by Marge Maresca on Jun 4, 2013 10:26:00 PM

Australia Q1 GDP +2.5% vs. expected +2.7%, +0.6% q/q vs. +0.7% expected. 

Aussie Dollar slipped by 35 points to 0.9600 after the data revealed the slowest quarterly expansion since Q3, 2011.  Bids at 0.9600 prevented a further slide, reversing the pair back up to 96.30.

The US Dollar has been relatively quiet, contained to narrow trading ranges vs. the Euro, the Yen and the Pound as the market awaits tomorrow morning’s ADP figures.

Ranges 

rngs resized 600

 

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