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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…

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