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Australian Economic Growth Disappointed

ByTFI Markets
Published 12/04/2013, 03:18 AM
Updated 04/25/2018, 04:40 AM

Australian economic growth disappointed in the third quarter, coming in below expectations and producing an immediate fall in the Australian dollar. Gross domestic product grew 0.6 percent in the third quarter from the second and 2.3 percent from a year earlier. U.S is to release the ADP report on private-sector job creation while the Institute of Supply Management is to release its service-sector purchasing manager’s index.
Technical Analysis
Trade Idea

AUDUSD

Short term support lies around 0.9050, a break below that level targets 0.8980. Alternative a break above 0.91 could lead price to 0.9165.
AUD/USD
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