Caixin China Manufacturing PMI: 49.5 (vs. expected 50.3), weighs on AUD/USD outlook

The Caixin China Manufacturing PMI™ has been released by Markit Economics as follows:

• Caixin Manufacturing PMI (March) 49.5 (vs. expected 50.3).

AUD/USD update

The AUD/USD bulls are engaged but the data is not favorable and it's another poor number from China which is hardly bullish for AUD. The bias is tilted to the downside if the bulls don´t step in at key resistance. 

About Caixin China Manufacturing PMI™

The Caixin China Manufacturing PMI™, released by Markit Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies.