Aussie dollar boosted by strong China Caixin PMI

AUD/USD: The Australian dollar broke through 0.68800 price barrier highlighted in my previous analysis and smashed two price targets at 0.69020 and 0.69170 before retreating during the overnight session.

The China October Caixin PMI printed at 51.7 above the expected numbers at 51.0 pushed the Aussie dollar back above 0.69020 price target. The Aussie dollar trades at 0.69038 at the time of reporting and needs to hold above 0.69020 to head back up to 0.69170 and 0.69268