The above chart shows bearish flag like formation. Despite the upbeat China data dump, the Aussie dollar failed to see a convincing break above 0.75 handle, which suggests the spot could revisit flag support seen around 0.7427 levels.
Only a daily close above 0.75 would open doors for a sustained move higher to 0.77 levels.
Only a daily close above 0.75 would open doors for a sustained move higher to 0.77 levels.