A slightly stronger day for the AUD with the USD generally weaker across the board. A strong reading from the Chinese HSBC Flash Manufacturing PMI for September (50.5 vs. 50.2 in August and expectations around 50.0) helped lift the Aussie from around $0.8880 to almost $0.8900, but the pair gave back all of those gains until the USD weakened in general. The Aussie is in extreme oversold conditions, and so a small bounce was never out of the question, but moving through selling from $0.8890 to $0.8905 has been a very positive sign in the short term. Sellers above at $0.8920/30 and into $0.8950; buyers below at $0.88540/55 against the Sep 22 low of $0.8853, stops below that and better bids again at $0.8800/15.
