First appeared on eFXplus on Jan 31 - 09:10 PM
- AUD/USD under pressure as USD/CNH bounces, Caixin PMI soft nS7N1OY027
- AUD/USD down 0.4% in Asia, hits a low of 0.7241 post PMI release
- Numerous daily highs at 0.7225/35 should now provide strong support
- Close above 200 DMA @ 0.7291 needed for next leg of rally to 0.7394 Dec high
- AUD down despite US-China trade progress nB9N1ZE01A
- USD/CNH move likely just squaring up ahead of LNY holidays all next week
AUD daily: Click here 
Source:
Thomson Reuters IFR Markets
