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Oct 31 - 02:55 AM

AUD/USD - Eases In Asia As China PMI Misses And Risk Assets Droop

By John Noonan  —  Oct 30 - 11:15 PM
  • AUD/USD opened +0.62% at 0.6373 as USD fell and Wall Street soared higher

  • It edged down to 0.6366 when E-minis fell 0.27% and AXJ index fell 0.65%

  • China PMI came in worse than expected and AUD/USD slipped to 0.6355 nL1N3C1046

  • AUD/USD support is at the 21-day MA at 0.6348 and 10-day MA at 0.6336

  • Resistance is at the 55-day MA at 0.6395 and break would be bullish

  • A break below 0.6330 would shift pressure to downside and target 0.6270/75

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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