FxWirePro:AUD/USD consolidating around 0.6550, room for further

• AUD/USD  edged  higher on Tuesday as Australian data pointed to solid economic growth in the third quarter.

• Australia's government spending jumped in the third quarter to add to a long-awaited rebound in business investment, setting the stage for a solid economic performance.

• Data from the Australian Bureau of Statistics showed government spending added 0.4 percentage points to gross domestic product (GDP) in the September quarter, after barely contributing in the previous quarter.

• The central bank policy board meets next week and is considered certain to hold rates at 3.60%, and perhaps turn more hawkish on the outlook for further easing.

•RBA Governor Michele Bullock appears before lawmakers on Wednesday and is certain to be questioned on inflation, though she is usually careful not to pre-empt the board on policy.

• Immediate resistance is located at 0.6552(50%fib), any close above will push the pair towards 0.6591(Higher BB).

• Support is seen at 0.6505 (SMA 20) and break below could take the pair towards 0.6482(61.8%fib).

 Recommendation: Good to buy  around 0.6520, with stop loss of 0.6450 and target price of 0.6650