FxWirePro: Aussie falls against major peers as GDP data misses expectations
Wednesday, December 4, 2019 1:54 AM UTC
- AUD/NZD is currently trading around 1.0493 marks.
- Pair made intraday high at 1.0511 and low at 1.0475 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1.0526 marks.
- A sustained close above 1.05 will drag the parity higher towards key resistances around 1.0526, 1.06, 1.0654, 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
- Alternatively, a daily close below 1.05 will take the parity down towards key supports around 1.0465/1.0407/1.0339 marks respectively.
- Aussie GDP stands at 0.4 vs 0.6 previous release (expected 0.5).
- Australia’s AIG services index stands at 53.7 vs 54.2 previous release.