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  • Aussie striking a bullish tone ahead of Chinese GDP figures as bulls make a push to continue the upward momentum kicked off midway through last week.
  • Monday’s Asia session will see restrained market volumes with Japan on a long weekend, and volatility could kick higher with fewer traders hitting the markets.
  • The Aussie remains near critical lows for 2018, and bulls have a lot of work ahead of them to kick off a meaningful bull  run.

AUD/USD Chart, 15-Minute

Spot rate:   0.7435
Relative change:   0.08%
High:   0.7435
Low:   0.7411
Trend:   Bullish
Support 1:   0.7409 (38.2% Fibo retracement level)
Support 2:   0.7393 (61.8% Fibo retracement level)
Support 3:   0.7367 (Friday swing low)
Resistance 1:   0.7435 (current day high)
Resistance 2:   0.7483 (previous week high)
Resistance 3:   0.7676 (June high)