AUD/USD touched a session low of 1.0350 in a late day swoon but barriers at that level appear to be holding.
I suspect we’re seeing some AUD selling before the weekend on apprehension about China’s manufacturing PMI, which will be released on Sunday. Expectations are for a slide to 50.8 from 51.0 in February but a rumor has been circulating about a strong reading (these rumors are almost never real).
