We suffered a temporary setback today after hitting 1.08 this morning on the back of the Chinese Data.
Ironically, after the ASX closed, the Chinese market rocketed (currently up 30 points) & the Dalian IO futures are back to even (were down 11 yuan on the most active (sept) contract).
We should see Ago back close to 1.10 tomorrow.
From a charting perspective it isn't too bad that we had a small pull back today, it keeps the RSI in check...
AGO Price at posting:
$1.02 Sentiment: LT Buy Disclosure: Held