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FxWirePro: Aussie depreciates against major peers on the back of lower than expected GDP data

  • AUD/NZD is currently trading around 1.0529 marks.
     
  • Pair made intraday high at 1.0596 and low at 1.0524 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0589 mark.
     
  • A sustained close above 1.0589 will drag the parity higher towards key resistances around 1.0648/1.0696/1.0749/1.0798/1.0877/1.0955/1.1002/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
     
  • Alternatively, a daily close below 1.0589 will take the parity down towards key supports around 1.0524/1.0488/1.0432/1.0333/1.0237  marks respectively.
     
  • Australia Q3 2018 real GDP qq sa decrease to 0.3 % (forecast 0.6 %) vs previous 0.9 %.
     
  • Australia Nov 2018 AIG services index increase to 55.1 vs previous 51.1.
     
  • Australia's S&P/ASX 200 index down 1.69 pct at 5,616.60 points in early trade.
  • Market Data
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