- 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.
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) |