By John Noonan — Oct 30 - 10:10 PM
AUD/USD dipped to 0.6358 after China mfg PMI came in worse than expected nAZN1DKRBU
It has quickly bounced back to 0.6365/70 - where it was before the release
The surprisingly weak China PMI may negatively impact key commodities
AUD/USD may lose upward momentum if China growth concerns are back in focus
Support is at the 21-day MA at 0.6349 and the 10-day MA at 0.6337
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary