For all of the reasons I gave last week I remain very bullish on the AUD/USD. In some ways I’m even hoping for a ‘bad’ number today out of China because if the market doesn’t react bearishly to a bad number, then we must be headed higher!

Based on the price action from last week, I’d expect intraday support to be very solid between .9035/50 and of course there is very meaningful resistance around .9150. I will try and play the edges of this range whilst building my long position.