"We will give greater priority to stabilizing growth. We have full confidence that the target for China's economic growth this year will be met," Chinese Premier Wen Jiabao said Tuesday quoted by the WSJ. He called for the official GDP target for 2012 at +7.5%. Hong-Kong opening with a strong bid tone pushing Hang-Seng index now up +1.21% along with Nikkei above the 8900 higher by +1.31% is also helping risk takers making Aussie print newer highs last at $1.0473 and rising.
Above current levels as immediate resistance level to the upside for AUD/USD as April 27/30 highs at 1.0474, next line shows at Aug 23 highs 1.0547, and March 27 highs at 1.0558. For the downside, closest support comes at yesterday's highs 1.0450, followed by recent session lows at 1.0425, and Friday's highs at 1.04.