Technical Analysis

Stocks doing well though The NA session has mixed data released and that is contributing to a lot of chop. Remember it is Friday too.  In the US: Empire manufacturing was better than expected Export/import prices were lower than expected Industial production and Cap. Utilization were both weaker than expectation Univ. of Michigan sentiment for
AUD/USD touched the lowest since Jan 4 earlier today The RBA was downbeat on economic and inflation prospects for the Australian dollar in a report today. It fell as low as 0.7061 but has rebounded to 0.7092. Morgan Stanley says there is scope for further losses. Declining yield and interest rate differentials stand in contrast