AUD/USD chart - Trading View
AUD/USD was trading marginally higher on the day, holds above 0.78 handle after upbeat Australia GDP data.
Australia's economy expanded 3.1% QoQ in Q4, beating the estimated drop to 2.5% from 3.4% in Q3. In annualized terms, the economy contracted 1.1% versus -1.8% expected and -3.8% previous.
Further, Caixin China services purchasing managers index fell to 51.5 in February from 52 in January, Caixin Media Co. and research firm Markit said Wednesday.
Aussie bulls unfazed by dismal Chinese Caixin Services PMI, risk-on sentiment supports gains.
Technical indicators also indicate a bullish continuation. Retrace has bounced off daily cloud and 50-DMA support
The pair has edged above 5-DMA and is on track to test 0.8135 (Jan 22 high). Retrace below 50-DMA negates bullish bias.


FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 



