• Upbeat Australian GDP report boosts Aussies bulls. Australia’s Q1 GDP q/q came in at +1.1% versus +0.8% expected and from +0.7% prior (revised higher from +0.6%).
   
• The latest GDP figures added to the recent streak of upbeat fundamentals, including Aus trade, jobs and building approvals data.
   
• Stabilization in commodities market also lends support to the bullish momentum in the Aussie.
   
• Caixin PMI pointed to sharpening contraction in May, in contrast to official PMI which indicated slight expansion (came in barely changed at 50.1).
   
• AUD/CAD extends gains above 23.6% Fib level to hit highs of 95.27, but pared some gains to currently trade at 0.9509.
   
• The pair is taken a reversal from the potential reversal zone on the Bullish Bat Pattern.
   
• Bullish invalidation seen only below 0.9150. RSI divergence from price action seen, supports gains. 
   
• Our long call (http://www.econotimes.com/FxWirePro-Bullish-Bat-pattern-on-AUD-CAD-dailies-test-of-096-likely-215024) which is progressing.
   
• Target price 1 has been achieved. Recommend holding for further upside.