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FxWirePro: Aussie falls noticeably against kiwi after GDP data

  • AUD/NZD is currently trading around 1.0560 marks.
     
  • Pair made intraday high at 1.0588 and low at 1.0530 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0625 mark.
     
  • A sustained close above 1.0625 will drag the parity higher towards key resistances around 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
     
  • Alternatively, a daily close below 1.0580 will take the parity down towards key supports around 1.0532/1. /1.0275/1.0237/1.0192 marks respectively.
     
  • Australia Q1 2019 real GDP qq sa increase to 0.4 % (forecast 0.5 %) vs previous 0.2 %.
     
  • Australia Q1 2019 real GDP yy sa decrease to 1.8 % (forecast 1.8 %) vs previous 2.3 %.
     
  • Australia Q1 2019 final consumption expenditure qq sa decrease to 0.4 % vs previous 0.8 %.
     
  • Australia Q1 2019 GDP chain price index decrease to 1.3 % vs previous 1.4 %.
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