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• The AUD/USD strengthened on Tuesday as China measures to bolster CNY and better-than-expected China data supported Australian dollar.
• China's exports gained momentum in December, with imports also showing recovery.
• China's trade surplus grew to $104.8 billion last month, up from $97.4 billion in November. Its trade surplus with the U.S. widened to $33.5 billion over the same period from $29.81 billion a month prior.
• At GMT 06:12, The Australian dollar was last trading down 0.17% to $0.6187.
• Immediate resistance is located at 0.6204(Jan 10th high), any close above will push the pair towards 0.6250 (38.2%fib).
• Support is seen at 0.6141(23.6%fib) and break below could take the pair towards 0.6102 (Lower BB)
Recommendation: Good to sell around 0.6160, with stop loss of 0.6250, and target price of 0.6080
