Aussie GDP misses the mark and slightly weighs on AUD – by fx_ross GDP AUDUSD
The Australian Bureau of Statistics released Australia's Gross Domestic Product on a quarterly basis as follows:AUD/USD is a touch offered after the data but remains within familiar ranges for the session so far, trading just below 0.6700., the price is holding around the trendlines but a break of 0.6670/50 and below opens the risk of a move to test 0.6580 and below:
However, tf the bulls commit at this juncture, near a 0.78.6% Fibonacci area, then there will be prospects of a move in resistance near 0.6850. The Australian Bureau of Statistics releases the Gross Domestic Product on a quarterly basis. It is published about 65 days after the quarter ends. The indicator is closely watched, as it paints an important picture for the economy.
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