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Nov 01 - 12:12 AM
AUD/USD - Caixin China PMI Rouses The Optimists, Charts Agree
First appeared on eFXplus on Oct 31 - 10:25 PM
  • Retriexed early losses on Caixin China PMI beating expectations nL3N27H0KQ

  • +0.15% at the top of a 0.6884/0.6907 range - quiet then a flurry on PMI

  • Mixed on the crosses - AUD/JPY +0.2%, AUD/NZD -0.2% - E-mini S&P +0.2%

  • Daily momentum studies, 5, 10 & 21 DMAs are climbing - bullish setup

  • 0.6925, 61.8% July Oct capped yesterday - break would target 0.6955 200 DMA

  • 200 DMA has capped on the close, after many tests since March 2018

  • Close below 0.6813 rising 21 DMA needed to end the topside bias

  • 0.6900 750M and 0.6915 220M are today's close strikes

aud2 nov 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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