FxWirePro: Aussie falls against major peers as GDP data misses expectations
AUD/NZD is currently trading around 1.0493 marks. Pair made intraday high at 1.0511 and low at 1.0475 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0526 marks. A sustained close above …
Pair made intraday high at 1.0511 and low at 1.0475 marks.
Intraday bias remains bearish till the time pair holds key resistance at 1.0526 marks.
A sustained close above 1.05 will drag the parity higher towards key resistances around 1.0526, 1.06, 1.0654, 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
Alternatively, a daily close below 1.05 will take the parity down towards key supports around 1.0465/1.0407/1.0339 marks respectively.
Aussie GDP stands at 0.4 vs 0.6 previous release (expected 0.5).
Australia’s AIG services index stands at 53.7 vs 54.2 previous release.
