AUD/NZD bears move in following China data miss – by fx_ross Australia AUDNZD China PMI Currencies
Caixin China Manufacturing PMI has missed the mark.
"Companies, strongly inclined to lower costs in the face of sluggish market demand, were cautious about expanding their staff," Wang added.From a weekly perspective, the price has started to recover from the restest of the W-formation's neckline and bulls eye a move towards 1.1168 prior highs. However, the daily chart is not showing any signs of a bullish correction as of yet, although the 61.
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