Aussie: China PMI: Caixin and NBS: Beware..
Resistance: 0.7040
Support: 0.6935
Strong support: Year low: 0.6900
- Incoming data:
- Caixin PMI
- NBS PMI
Beware: They could cook number cause of China slowdown, they want to lift up hope.
If they don't cook number, I believe the data difficultly is positive, and the upside of Ausie is limited.
Payrolls on Friday is s strong data.
Two data combine together could drag Aussie lower.
I still position Aussie below the year low.
Support: 0.6935
Strong support: Year low: 0.6900
- Incoming data:
- Caixin PMI
- NBS PMI
Beware: They could cook number cause of China slowdown, they want to lift up hope.
If they don't cook number, I believe the data difficultly is positive, and the upside of Ausie is limited.
Payrolls on Friday is s strong data.
Two data combine together could drag Aussie lower.
I still position Aussie below the year low.
