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Better than exp. Caixin manufacturing PMI....>

AUSSIE
AUSSIE: Better than exp. Caixin manufacturing PMI reading out of China supports
AUD at writing. The index printed at 50.2, in line with the prior reading, but
above market forecasts of 50.0
- AUD/USD last deals at $0.6948, 11 pips better off. The pair has breached
Friday's weekly high/23.6% fibo retracement of the move from $0.7206 to $0.6865
at $0.6944/45. Consolidation above opens the May 14 high of $0.6960.
- AUD/JPY sits at Y75.21, 9 pips better off. With Friday's multi-month low of
Y75.09 left behind, bulls look for a clean break above the Jan 4 low of Y75.24.
This would expose Y75.79, where the rate peaked on Friday.
- AUD/NZD remains in negative territory, as NZD also draws support from China's
PMI print, after climbing to the top of the G10 pile earlier in the session.
AUD/NZD last deals at NZ$1.0612, 14 pips lower on the day, with familiar
technical levels still in play.

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