Besides, the dollar fell against major rivals on Monday after upbeat economic data from the U.K. and China helped offset a strong U.S. report on manufacturing, just as Federal Reserve officials signaled interest rates would stay low for the foreseeable future. In Europe, manufacturing grew in December at the fastest clip in 21 months. An index based on a survey of purchasing managers in the 16-nation euro area rose to 51.6 from November’s 51.2, London-based Markit Economics said. Readings higher than 50 indicate growth. Chinese factories in December had their fastest growth in five years. A purchasing managers’ index rose to 56.1, HSBC Holdings Plc and Markit Economics said in an e-mailed statement. The measure of factories in the world’s third-largest economy is based on a survey of more than 400 manufacturers.
Dollar weakened, pushing up gold prices higher, exceeding 1121. The Canadian – a currency in common basket - gained benefits from crude oil, hit $81.59/barrel. This morning, Australia got the important news: new home sales up 0.3% compared with the previous -0.6%. That’s why the AUD has continued to win the peaks in history and created the new peaks: 0.9054, 0.9134, 0.9140 and 0.9151 - the highest in the morning.
The uptrend still shows up distinctly: RSI reaches 71 points, the price beyond the average 0.9130. The supports are in turn 0.8900 and 0.9000, the resistance: 0.9174 and 0.9182. But from now until the end of the Asian session, the aussie may be slow growth or sideway, therefore, the AUD may range 0.9130/70.
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