FxWirePro: Aussie trades almost flat against kiwi after GDP data
AUD/NZD is currently trading around 1.1048 marks. Pair made intraday high at 1.1066 and low at 1.1025 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.1120 mark. A daily close below 1.105…
Pair made intraday high at 1.1066 and low at 1.1025 marks.
Intraday bias remains bearish till the time pair holds key resistance at 1.1120 mark.
A daily close below 1.1050 will take the parity down towards key supports around 1.0963, 1.0862, 1.0798, 1.0737, 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
On the other side, a sustained close above 1.1050 will drag the parity higher towards key resistances at 1.1148/1.1224/1.1384/1.1456 levels respectively.
Australia Q2 GDP q/q increase to 0.8 % (forecast 0.9 %) vs previous 0.3 %.
Australia Q2 GDP y/y increase to 1.8 % (forecast 1.9 %) vs previous 1.7 %.
Australia Q2 GDP final consumption q/q increase to 0.8 % vs previous 0.6 %.
Australia Q2 GDP capital expenditure increase to 1.5 % vs previous -0.6 %.
