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Oct 30 - 11:55 PM

AUD/USD - Muted Reaction To Weaker China PMI

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

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