AUD choppy after China GDP comes in as expected
The first move was down to test hourly support at 1.0360 after the Chinese GDP number came in exactly on expectations. From there, the market has popped up and posted marginal new highs above 1.0390. No real reason to get involved at these levels and parameters at 1.0320 and 1.0440 remain relevant. I’m still in the sell-big-rally camp but I have no strong bias at current levels.