• AUD/ USD held around four-month low on Thursday as investors banked on more aggressive rate cuts by RBA.
• Market rates pricing altered dramatically on Wednesday as data on Australian economic growth dashed recovery hopes.
• Data showed on Wednesday Australia's economy grew by a 0.3% on a quarterly basis in the three months ending in September, falling short of the 0.4% market forecast.
• At GMT 05:48, The Aussie was trading up 0.10% to $0.6436, having shed 0.9% on Wednesday.
• Immediate resistance is located at 0.6474 (38.2%fib), any close above will push the pair towards 0.6533(50%fib).
• Support is seen at 0.6422(38.2%fib) and break below could take the pair towards 0.6402(Lower BB).
Recommendation: Good to sell around 0.6450, with stop loss of 0.6570 and target price of 0.6350.
