- HSBC final PMI 50.7 v's 50.1, but no impact
- AUD led early - higher on weekend China cut & PMI, dropped on USD strength
- Consolidation leaves momentum studies conflicting, 5, 10 & 20 dma's rise
- Setup implies range trading since mid February can continue
- Initial support/resistance are 4.8800 20 dma & earlier 4.9319 high