FxWirePro: Aussie rises in early Asia on the back of higher than expected GDP data
Wednesday, March 4, 2020 1:52 AM UTC
- AUD/NZD is currently trading around 1.0492 marks.
- Pair made intraday high at 1.0518 and low at 1.0481 marks.
- Intraday bias remains bullish for the moment.
- A sustained close above 1.0489 will drag the parity higher towards key resistances around 1.0526, 1.06, 1.0654 and 1.0743 mark respectively.
- Alternatively, a daily close below 1.0489 will take the parity down towards key supports around 1.0397/1.0349/1.0264/1.0222/1.0178 marks respectively.
- Australia’s GDP q/q stands at 0.5 pct vs 0.6 pct previous release (expected 0.4 pct).
- Australia’s AIG construction index stands at 42.7 vs 41.3 previous release.
- Australia’s S&P/ASX 200 was trading 1.47 pct lower at 6,342.90 points.