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Thomson Reuters
Mar 05 - 08:36 AM
AUD/USD - Aussie Q4 GDP Miss Could Expose AUD/USD Stops Below 0.7050
First appeared on eFXplus on Mar 05 - 06:20 AM
  • AUD/USD stops are tipped under 0.7050 (0.7054 was last month's low, Feb 12)
  • Aussie Q4 GDP miss at 0030GMT would increase threat level to those stops
  • Economy may have stalled in Q4 nL3N20R5CW. +0.3 pct is consensus forecast
  • 0.7067-0.7097 was Asia range, respected through the European morning
  • The base of that range marks the lowest level for AUD/USD since Feb 12
  • Lowe speaks about Aussie housing market and economy at 2210GMT nL3N20S0O2

AUDUSD: Click here

Source:
Thomson Reuters IFR Markets

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