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Apr 29 - 10:55 PM

AUD/USD - Slips On China Official PMI Disappointment

By Krishna K  —  Apr 29 - 09:35 PM
  • AUD/USD down from 0.7784 to 0.7773 on disappointing China official PMIs

  • China's factory activity expands at slower pace in April nAZN0HYF00

  • Growth in China's services sector slows in April nB9N2LR01D

  • AUD already on back foot after failing to sustain rallies above 0.7800

  • 3 failures at 0.7815-18 despite positives is a sign that rally is tiring

  • Rising U.S. yields, shrinking AU-U.S. yield advantage to cap rallies

  • Support 0.7850-55, 0.7725, 0.7690-95, resistance 0.7800-05,0.7815-25, 0.7849

  • For more click on FXBUZ


AUD/USD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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