The AUD/USD has been surging over the past few minutes, after China's HSBC Flash PMI for October showed an upbeat reading, with 51.1 the final score following September"s reading of 49.9. “The better number suggests talk of China heading for a hard landing is overdone. Key resistance in the AUD/USD is found at the 200-day MA at 1.0390” reports John Noonan, Head of IFR Markets in Sydney. The rate has reached its highest level at 1.0364, where selling orders have been noted. According to Sean Lee from Frexlive: “Perhaps things in China aren’t as gloomy as many would have us believe. Any number above 50 indicates ... (full story)