FxWirePro: China manufacturing PMI miss weighs on the Antipodeans, AUD/USD below the 0.73 handle
Monday, August 3, 2015 6:48 AM UTC
- AUD/USD is currently trading at 0.7295, with a high of 0.7316 and a low of 0.7290 so far
- Big miss on the China Manufacturing PMI for July that arrived at a two year low has weighed on the Antipodean currencies
- The pair is struggling to get past the 0.73 handle, trades rangebound with momentum still bearish
- Tuesday's RBA policy decision and key Australian unemployment data later this week will be watched for cues
- Immediate resistance is seen at 0.7299 (4h Tenkan-Sen) and support is seen at 0.7256 (daily lows July 28)