Friday, October 16, 2026

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AUD broadly bid, AUD/USD bulll signs upped post-GDP miss

Bulls signs upped with GDP miss as new trend high set, some gains erode Yield spreads widen further post GDP, should keep underlying bid present AUD/NZD rally > 1.0420 also helps keep AUD broadly bid Long-Term techs supp…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Bulls signs upped with GDP miss as new trend high set, some gains erode

  • Yield spreads widen further post GDP, should keep underlying bid present

  • AUD/NZD rally > 1.0420 also helps keep AUD broadly bid

  • Long-Term techs support rally, monthly RSI bullish & bull engulfing candle forms

  • Market awaits FOMC, if dovish more gains due as Jan 28 & 23 likely break

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team