Thoughts on the AUDUSD

The Aud has taken out stops at 1.0310 this morning from buying by big US name and a German name. However, we have not gone much higher since then. I heard an Asian Central Bank is on the offer around 1.0320-30 level and also funds looking to sell some around 1.0330 level. There are some stop loss around 1.0350 and I dont think the market will go and try and take it out for now. Tomorrow we have the China GDP numbers and I think we could potentially see a softer number. I would like selling the AUDUSD on rallies. 1.0330 could possibly be a good level to sell with a stop at 1.0360 going into the China GDP number. The solid equities market is continuing to support the AudUsd for now.