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AUD/USD Technical Analysis: Disappointing Chinese PMI-led slide finds decent support near 100-hour SMA

   •  The pair stalled its disappointing Chinese manufacturing PMI-led intraday slide and managed to find decent support near 100-hour SMA amid some renewed USD weakness.

   •  However, given the overnight break through a short-term ascending trend-channel support, bearish oscillators on the daily chart might keep a lid on any subsequent up-move.

   •  Meanwhile, technical indicators on hourly charts have already recovered from the negative territory and support prospects for an extension of the intraday positive momentum. 

   •  A follow-through buying has the potential to lift the pair further beyond intraday swing high but seems more likely to remain capped/sold into near the 0.7080 horizontal resistance.

AUD/USD 1-hourly chart

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