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FxWirePro: Aussie gains against major peers on robust GDP data

Wednesday, March 1, 2017 3:16 AM UTC

AUD/NZD is currently trading around 1.0710 marks.
Pair made intraday high at 1.0719 and low at 1.0630 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0616 marks.
A daily close below 1.0644 will take the parity down towards key supports around 1.0594, 1.0552, 1.0516, 1.0460, 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0644 will drag the parity higher towards key resistances at 1.0748/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
Australia Q4 GDP Q/Q increases to 1.1 % (forecast 0.7 %) vs previous -0.5 %.
Australia Q4 GDP Y/Y increases to 2.4 % (forecast 1.9 %) vs previous 1.8 %.
Australia Q4 GDP final consumption increase to 0.7 % vs previous 0.3 %.
Australia Q4 GDP capital expenditure increase to 2.6 % vs previous -2.7 %.
Australia Q4 GDP chain price index increase to 2.9 % vs previous 1.2 %.

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FxWirePro: Aussie gains against major peers on robust GDP data

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