• Better than expected China GDP data boosted the Aussie which saw a 45 pip knee jerk rally
  
  
• China's GDP data came in at 6.9% Y/Y beating expectations of 6.8%, but below the previous of 7% Y/Y 
  
  
• AUD/USD was trading around 0.7240 before the data, spiked to 0.7290 levels after and has since pared some gains 
  
  
• Asian stocks are currently trading mixed, unimpressed by better than expected China GDP figures 
  
  
• AUD/USD is currently trading at 0.7272, cloud top at 0.7282 is a strong resistance zone
  
  
• A break of the 0.72 handle on the downside puts the 55 DMA at 0.7179 under pressure ahead of 0.7146 
  
  

Resistance Levels:

R1: 0.7282 (Cloud top)

R2: 0.7290 (Session high Oct 19)

R3: 0.73 (Psychological level)

Support levels:

S1: 0. 7218 (55 EMA)

S2: 0.72 (Psychological level)

S3: 0.7179 (55 DMA)