The strong Chinese PMI data overnight led the charge upfrom 1.0511 to 1.0558, but still some way off the 1.0585 highs of Wednesday . Offers remain in place towards 1.0560 and stretch up to 1.0580. Above there, are strong offers ahead of the 1.0600 and 1.0650 barriers with offers/tech resistance in between, in front of the March 20 highs of 1.0625.
Bids are now see layered from 1.0525 down to 1.0500, with some possible sell stops on a break of the tenkan line at 1.0495 ahead of trend line support around 1.0480.
AUD’s sitting at 1.0535
