AUD/USD: No reaction to official Chinese PMI data
AUD/USD is trading near .9150 after the official Chinese manufacturing PMI data came in lower compared to last month. I can’t see any value in trading the AUD/USD at current levels, preferring to wait and see how the next few sessions develop. I’m still running a small core long position but after a very tiring week last week, I’m happy to sit on the sidelines unless some dramatic trades jump out suddenly 🙂
Not hearing much on the flows and orders front, so I think I may not be alone in needing a break.