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FxWirePro: Aussie falls sharply against major peers as GDP data misses expectations

  • AUD/NZD is currently trading around 1.0693 marks.
     
  • Pair made intraday high at 1.0735 and low at 1.0666 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0750 mark.
     
  • A sustained close above 1.0735 will drag the parity higher towards key resistances at 1.0826/1.0945/1.1072/1.1113/1.1163/1.1238 levels respectively.
     
  • Alternatively, a daily close below 1.0735 will take the parity down towards key supports around 1.0654/1.0550/1.0443 marks respectively.
     
  • Australia Q4 real GDP +0.4 pct qtr/qtr, s/adj (poll +0.6 pct).
     
  • Australia Q4 GDP y/y decrease to 2.4 % (forecast 2.5 %) vs previous 2.8 %.
     
  • Australia's S&P/ASX 200 index down 0.71 pct at 5,919.80 points in early trade.

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