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