Thursday, October 15, 2026

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HSBC data showed little impact on AUD/CNH

HSBC final PMI 50.7 v's 50.1, but no impact AUD led early - higher on weekend China cut & PMI, dropped on USD strength Consolidation leaves momentum studies conflicting, 5, 10 & 20 dma's rise Setup implies range trading …

By Meredith J C Warren
1 min read
HSBC data showed little impact on AUD/CNH
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  • HSBC final PMI 50.7 v's 50.1, but no impact

  • AUD led early - higher on weekend China cut & PMI, dropped on USD strength

  • Consolidation leaves momentum studies conflicting, 5, 10 & 20 dma's rise

  • Setup implies range trading since mid February can continue

  • Initial support/resistance are 4.8800 20 dma & earlier 4.9319 high

 

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By FxWirePro Team