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

AUD/NZD is currently trading around 1.0693 marks. Pair made intraday high at 1.0735 and low at 1.0666 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0750 mark. A sustained close above 1…

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FxWirePro: Aussie falls sharply against major peers as GDP data misses expectations
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  • AUD/NZD is currently trading around 1.0693 marks.
     
  • Pair made intraday high at 1.0735 and low at 1.0666 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0750 mark.
     
  • A sustained close above 1.0735 will drag the parity higher towards key resistances at 1.0826/1.0945/1.1072/1.1113/1.1163/1.1238 levels respectively.
     
  • Alternatively, a daily close below 1.0735 will take the parity down towards key supports around 1.0654/1.0550/1.0443 marks respectively.
     
  • Australia Q4 real GDP +0.4 pct qtr/qtr, s/adj (poll +0.6 pct).
     
  • Australia Q4 GDP y/y decrease to 2.4 % (forecast 2.5 %) vs previous 2.8 %.
     
  • Australia's S&P/ASX 200 index down 0.71 pct at 5,919.80 points in early trade.

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