In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we see that AUD is weak after GDP figures.
Looking at the AUSUSD from a fundamental perspective, yesterday we saw the quarterly GDP figure come in 0.3% lower than an expected figure of 0.5%. This was always going to have a negative impact on the Aussie dollar.
In addition, from a technical perspective, we have now seen a structural failure below 0.7050 level. As a result, we are expecting continuation to the downside below yesterday’s low of 0.7020.
AUD Is Weak After GDP Figures – Full Video Analysis
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