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Jun 29 - 11:55 PM

AUD/USD - Strong Recovery In Delayed Reaction To China PMI

By John Noonan  —  Jun 29 - 10:45 PM
  • AUD/USD traded to 0.6904 after delayed reaction to improved China PMIs

  • Headline miss in China Mfg PMI caused buyers to hesitate in first reaction

  • The strong jump in China services PMI added to appeal of full report nL4N2YE2IH

  • AUD/USD fell to 0.6853 before China PMI - just ahead of June 14 0.6850 low

  • Resistance is at 10-day MA at 0.6923 and break would ease downward pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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