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The Aussie landed at the bottom of the G10...>

AUSSIE
AUSSIE: The Aussie landed at the bottom of the G10 pile upon the release of
disappointing Chinese official PMI readings. The manufacturing gauge fell to
50.1 from 50.5 vs. exp. of 50.5. Non-manufacturing and composite indices
declined to 54.3 and 53.4 from 54.8 and 54.0 respectively.
- AUD/USD last deals at $0.7042, 16 pips worse off. Bears eye the lower 1.0%
10-DMA envelope at $0.7017, ahead of the Apr 25 low of $0.6988. On the topside,
focus falls on $0.7061, where the rate peaked yesterday & on Friday.
- AUD/NZD last sits at NZ$1.0571, 13 pips worse off. NZ ANZ biz. conf. reading
came out alongside the Chinese data, printing at -37.5 vs. the prev. -38.0.
Bears look to Friday's/Monday's low of NZ$1.0560/56, ahead of the 1.0% 10-DMA
envelope at NZ$1.0530. Initial resistance noted at yesterday's high of
NZ$1.0589.
- AUD/JPY has fallen 19 pips and last sits at Y78.61. The initial layer of
support is provided by the 1.0% 10-DMA envelope at Y78.49, while topside focus
falls on the 100-DMA, located at Y78.82.
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