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Thomson Reuters
Jan 31 - 11:00 PM
AUD/USD - Hit As USD/CNH Bounces, Caixin PMI Drops
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

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