FxWirePro: Aussie falls against major peers after lower than expected GDP data
AUD/NZD is currently trading around 1.0342 marks. Pair made intraday high at 1.0372 and low at 1.0326 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0453 marks. A sustained close above …
Pair made intraday high at 1.0372 and low at 1.0326 marks.
Intraday bias remains bearish till the time pair holds key resistance at 1.0453 marks.
A sustained close above 1.0453 will drag the parity higher towards key resistances at 1.0581/1.0652/1.0709/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
Alternatively, current down fall will take the parity towards key supports around 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend.
Australia Q2 GDP Q/Q decrease to 0.5 % (forecast 0.6 %) vs previous 1.1 %.
Australia Q2 GDP final consumption increase to 0.8 % vs previous 0.7 %.
Australia Q2 GDP capital expenditure increase to 0.0 % vs previous -1.7 %.
Australia Q2 GDP chain price index increase to 0.9 % vs previous -0.4 %.
