AUD/USD Consolidating With Bearish Bias Ahead of China Factory PMI

        0033 GMT [Dow Jones] The China-sensitive Aussie is likely to consolidate with a bearish bias against the greenback as markets await HSBC flash China October manufacturing PMI (forecast 50.3), due at 0145 GMT. The AUD/USD is being weighed by positive USD sentiment and Aussie sales on a soft AUD/JPY cross amid increased investor risk aversion. But AUD/USD losses are tempered by Aussie demand on a buoyant AUD/NZD cross. The daily chart is mixed as the MACD indicator is in bullish mode but the slow stochastic measure is neutral, while the five- & 15-day moving averages are meandering sideways. Support is at 0.8750-0.8742 (Wednesday's low-Monday's low); a breach would target 0.8730 (Friday's low), then 0.8684 (Oct. 16 low). Resistance is at 0.8815 (Wednesday's high), then at 0.8832 (Tuesday's high). Spot AUD/USD is at 0.8770 versus 0.8775 late Wednesday. (jerry.tan@wsj.com)
        (END) Dow Jones Newswires
        October 22, 2014 20:33 ET (00:33 GMT)