Forex: Aussie falling on bad China imports data

Aussie is currently printing fresh session lows at around 1.0250, on the back of bad imports data for China showing a -10% decrease, which is a bad signal for Australia, as China is one of biggest trade partners for Aussie exports. The pair is slightly lower for the session being, while still in the positive for the week, up +0.54%.

Immediate support to the downside for AUD/USD lies at March 01 highs 1.0242, followed by yesterday's lows at 1.0217, while to the upside, closest resistance shows at Feb 28/yesterday's highs 1.0290, followed by Wednesday's weekly highs at 1.0301.