AUD/USD has had a quiet day on Monday, having traded sideways over the last hours after recovering from below 0.8200 as a strong fall in Chinese stocks weighed on the Aussie during the Asian session.
AUD/USD bottomed out at 0.8195 but found support and managed to climb back above 0.8200. The pair has spent the last hours in a slim range capped by 0.8230 as investors await Q4 Chinese GDP figures to be release on Tuesday. At time of writing, AUD/USD is trading at 0.8210, a few pips below its opening price.
AUD/USD technical levels
In terms of technical levels, AUD/USD could find immediate resistances are seen at 0.8230 (intraday level), 0.8255 (Jan 16 high) and 0.8294 (Jan 15 high). On the flip side, supports could be found at 0.8195 (daily low), 0.8167 (Jan 16 low) and 0.8132 (Jan 15 low).
AUD/USD bottomed out at 0.8195 but found support and managed to climb back above 0.8200. The pair has spent the last hours in a slim range capped by 0.8230 as investors await Q4 Chinese GDP figures to be release on Tuesday. At time of writing, AUD/USD is trading at 0.8210, a few pips below its opening price.
AUD/USD technical levels
In terms of technical levels, AUD/USD could find immediate resistances are seen at 0.8230 (intraday level), 0.8255 (Jan 16 high) and 0.8294 (Jan 15 high). On the flip side, supports could be found at 0.8195 (daily low), 0.8167 (Jan 16 low) and 0.8132 (Jan 15 low).
