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FxWirePro: Aussie falls against major peers as GDP data misses expectations

  • AUD/NZD is currently trading around 1.1010 marks.
     
  • Pair made intraday high at 1.1083 and low at 1.1009 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.1062 mark.
     
  • A sustained close above 1.1062 will drag the parity higher towards key resistances at 1.1113/1.1163/1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.1062 will take the parity down towards key supports around 1.0994, 1.0948, 1.0873, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • Australia Q3 2017 GDP Q/Q decrease to 0.6 percent (forecast 0.7 percent) vs previous 0.8 percent.
     
  • Australia's S&P/ASX 200 index down 0.41 pct at 5,947.40 points in early trade.

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