AUD/USD chart - Trading View
AUD/USD was trading 0.17% higher on the day at 0.7777 at around 03:45 GMT.
The pair is extending sideways grind at daily cloud, struggles to break above.
The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) rose to 51.9 in April from an 11-month low of 50.6 in March, beating analyst expectations for a smaller uptick to 50.8.
Meanwhile, China official April Non-Manufacturing PMI came in at 54.9 missing expectations at 56.1 and previous 56.3. Manufacturing PMI stood at 51.1 below expectations at 51.8 and prior 51.9.
Contrasting China official and non-official PMIs fail to provide any meaningful direction to the antipodeans.
AUD/USD struggles at daily cloud top, but indicators hold a slightly bullish bias. Breakout of daily cloud will boost upside in the pair.
On the flip side 21-EMA is immediate support at 0.7727. Bullish invalidation likely below 55-EMA at 0.77.
