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Recovery rally on upbeat Chinese data tests daily cloud - Windsor Blog
The Aussie jumps in early Monday’s trading, supported by upbeat Chinese data (Caixin Manufacturing PMI Nov 51.8 vs 51.4 f/c) which showed that Chinese factory activity expands at the fastest pace in three years. Fresh recovery sidelined larger bears which registered repeated closes below important technical supports (daily cloud / Fibo 61.8% of 0.6929/0.6754) that …