Flash: AUD/USD may get a further support from China PMI – OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank mentions that early this morning, the AiG manufacturing index improved to 53.2 in Oct 13 from 51.7 the previous month and the pair may get a further layer of support from the better than expected China manufacturing PMI.

Key Quotes

“We however would refrain from chasing the AUD/USD higher at this juncture and any failure to re-take 0.9500 continues to risk a relapse back towards 0.9400/20.”