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…
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.
