FxWirePro: Aussie falls against major peers as Australia’s GDP data fails to meet expectations
AUD/NZD is currently trading around 1.0433 marks. Pair made intraday high at 1.0496 and low at 1.0427 marks. Intraday bias remains bearish for the moment. A consistent close below 1.0415 will take the parity down towards…
Pair made intraday high at 1.0496 and low at 1.0427 marks.
Intraday bias remains bearish for the moment.
A consistent close below 1.0415 will take the parity down towards key supports around 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0460 will drag the parity higher towards key resistances at 1.0532/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
Australia’s Q3 GDP q/q decreases to -0.5 % (forecast 0.3 %) vs previous 0.5 %.
Australia’s Q3 GDP y/y decreases to 1.8 % (forecast 2.5 %) vs previous 3.3 %.
Australia’s Q3 GDP final consumption decreases to 0.3 % vs previous 0.8 %.
Australia’s Q3 GDP capital expenditure decreases to -2.7 % vs previous 0.0 %.
Australia’s Q3 GDP chain price index increases to 1.2 % vs previous 0.9 %.
