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• The AUD/USD dipped on Friday as Australian dollar was pressured by broadly stronger dollar despite upbeat China Data.
• China's economy expanded by 5.4% year-on-year in Q4, surpassing analysts' forecasts, according to official data released on Friday.
• China's retail sales rose 3.7% year-on-year in December, exceeding the 3.5% forecast and up from 3% in November.
• However, China's unemployment rate rose to 5.1% in December, a three-month high, up from 5% in November.
• At GMT 05:54, The Australian dollar was last trading down 0.18% to $0.6200.
• Immediate resistance is located at 0.6245(50%fib), any close above will push the pair towards 0.6303(61.8%fib).
• Support is seen at 0.6190 (38.2%fib) and break below could take the pair towards 0.6163 (Lower BB)
Recommendation: Good to sell around 0.6210, with stop loss of 0.6290, and target price of 0.6150
