Disappointing China Manufacturing PMI pushed AUD lower - UOB Group

FXStreet (Łódź) - The Market Strategy Team at UOB Group note that the unexpected drop in China's October PMI numbers released over the weekend exerted pressure on the AUD.

Key Quotes

"The down-move is gathering momentum rapidly and further weakness towards 0.8720 is expected."

"Strong resistance is at 0.8800."