Caixin China Manufacturing PMI misses the mark and nudges AUD/USD lower China PMI AUDUSD Manufacturing
, the article explained ´´the bearish engulfment, BE, on the last 4-hour candle could be the catalyst for a firm break of structure for the opening sessions near 0.6661 with 0.6625 eyed below there guarding the 0.6550s.´´The price pierced the level but has failed to close below there so far. So long as the bears commit below 0.6700, then there will be a strong probability of the market heading lower and the China data plays into the bearish bias.
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