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Feb 29 - 09:55 PM

AUD/USD - Edges Higher After China Mfg PMI As Expected

By John Noonan  —  Feb 29 - 08:40 PM
  • AUD/USD a few pips higher after China Feb Mfg PMI came in as expected @ 49.1 nAZN1L3QEO

  • China non-Mfg PMI for January improved to 51.4 from 50.7 in December

  • The Caxin MFG PMI will be out shortly and is expected to come in at 50.6

  • AUD/USD resistance is at the 21-day MA at 0.6520 and 10-day MA at 0.6534

  • Support is at the Feb 13 low at 0.6443

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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