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AUD is the major beneficiary amongst the.....>

AUSSIE
AUSSIE: AUD is the major beneficiary amongst the G10 space on the back of the
strong Chinese GDP & economic activity data, with AUD/USD printing session highs
of $0.7206 on the release, last $0.7199. Bulls look for a clean break above the
figure, followed by the February 21 high at $0.7207, which has capped the rally
thus far. A break here would allow bulls to shift focus to the upper 1.0% 10-DMA
envelope at $0.7220, followed by the upper Bollinger band (3%) at $0.7235.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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