Forex: AUD/USD heavy, even with best Chinese HSBC PMI data in 22 months

FXstreet.com (Barcelona) - HSBC Flash manufacturing PMI data for China has just been released for the month of Jan, showing best result since March 2011, but Aussie doesn't seem too happy about, as it trades last at 1.0528, just 5 pips higher from where it was previous to the news, and about 5 minutes following the release.

The pair is off recent session lows at 1.0512, but has stalled so far at 1.0535 after the data is out, around same area for previous NY session lows. Aussie is still slightly higher for the week, but it has turned lower from recent session highs at 1.0557 once Apple's share results were out in after hours NY trading, selling off more than -10% in the process, dragging down with it everything considered risky, AUDUSD included, oil and gold as well.

Immediate support to the downside for AUDUSD lies at mentioned session lows 1.0512, followed by Tuesday's lows at 1.0504, and Monday's lows at 1.0490. To the upside, closest resistance comes at yesterday's lows 1.0527, followed by recent session highs at 1.0557, and yesterday's highs at 1.0568.