Thursday, October 15, 2026

Technicals

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FxWirePro: AUD/USD settles back after the knee jerk reaction to upbeat Chinese data

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 0.7…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • 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)

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team