AUD/USD – China PMI goes unnoticed, hovers around hourly 200-MA

China Caixin PMI for August printed in line with the estimates at 50.1, thus offering little reason for China bulls to snap up Aussie dollars.

AUD/USD pair, which had already recovered from the session low of 0.7615 to hourly 200-MA 0.7627, did little after the China PMI release.

Rejected at hourly 10-MA

A marginal uptick following the data release faced rejection at hourly 10-MA level of 0.7635. Earlier today, the spot hit a low of 0.7615 following rejection at expanding channel resistance and sharp losses on Thursday.

The focus now is on the US data, which is expected to show personal income and spending growth slowed in August.

AUD/USD Technical Levels

A break above 0.7365 (hourly 5-MA) would open doors for 0.7652 (5-DMA), above which the spot could target 0.77 (zero figure). On the lower side, breach of 0.7615 (session low) would expose 0.7596 (50-DMA), under which losses could be extended to 0.7500 (100-DMA).