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AUD/USD popping up on decent Chinese PMI

FXStreet (Guatemala) - AUD/USD is trading at 0.8891, up 0.21% on the day, having posted a daily high at 0.8897 and low at 0.8867.

AUD/USD has ticked up on the back of a good number in HSBC Manufacturing PMI for September in China printing above 50 at 50.5 as a two month high and beating expectations of 50. However, with it being a thin market today the price is relatively stable and movement is lacking much in the way of momentum on the release.

AUD/USD support and resistance

Support levels: 0.8830 0.8800 0.8770

Resistance levels: 0.8910 and 0.8950

China HSBC PMI reaches 2-month high

The latest HSBC China PMI for September - preliminary - came at 50.5 vs 50 expected and 50.2 last. The reading represents a 2-month high.
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