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FxWirePro: Aussie gains against major peers on the back of higher than expected GDP data

Wednesday, June 7, 2017 2:20 AM UTC

AUD/NZD is currently trading around 1.0503 marks.
Pair made intraday high at 1.0504 and low at 1.0433 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0418 marks.

A daily close below 1.0446 will take the parity down towards key supports around 1.0412, 1.0370 and 1.0326 marks respectively.
On the other side, a sustained close above 1.0446 will drag the parity higher towards key resistances at 1.0538/1.0626/1.0790/1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.
Australia’s Q1 GDP q/q increase to 0.3 % vs forecast 0.2 % (previous 1.1%).
Australia’s Q1 GDP y/y increase to 1.7 % vs forecast 1.5 % (previous 2.4 %).

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FxWirePro: Aussie gains against major peers on the back of higher than expected GDP data

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