FxWirePro: Aussie strengthens immediately against major peers on the back of higher than expected GDP data
AUD/NZD is currently trading around 1.1014 marks. Pair made intraday high at 1.1020 and low at 1.0936 marks. Intraday bias remains bullish till the time pair holds key support at 1.0930 mark. A sustained close above 1.09…
Pair made intraday high at 1.1020 and low at 1.0936 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0930 mark.
A sustained close above 1.0938 will drag the parity higher towards key resistances at 1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
Alternatively, a daily close below 1.0938 will take the parity down towards key supports around 1.0898/1.0844/1.0782/1.0658/1.0572/1.0502 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Australia Q2 2018 real GDP qq sa decrease to 0.9 % (forecast 0.7 %) vs previous 1 %.
Australia Q2 2018 real GDP yy sa increase to 3.4 % (forecast 2.8 %) vs previous 3.1 %.
Australia's S&P/ASX 200 index down 0.25 pct at 6,277.10 points in early trade.
