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Oct 31 - 07:55 PM

AUD/USD - Opens Slightly Lower After China PMI Miss

By John Noonan  —  Oct 31 - 05:35 PM
  • AUD/USD opens the week a few pips lower than Friday's 0.7520 close

  • Worse than expected China mfg PMI weighing on sentiment nL1N2RR00E

  • Caixin PMI out later today with market expecting 50 - the same as Sep

  • Key resistance at 200-day MA (0.7557) validated after repeated fails

  • Close support is at the 10-day MA at 0.7502 and close below would be bearish

  • Market may consolidate ahead of key RBA meeting tomorrow nL4N2RN1DH

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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