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AUD/USD Extended Gains to 0.7850 in Europe post 4th Qtr GDP

Posted by Chris Advincula on Mar 4, 2015 7:44:00 AM

AUD.3.4 resized 600Chart: WorldWideMarkets Alpha Trader

Australian 4Qtr GDP +0.5% q/q as expected. +2.5% y/y versus +2.4% median forecast.

China February HSBC Services PMI +52.0 from 51.8 in January.

Australian regulators approved a bid by the US arm of Brazlian firm JBS to aquire Primo. Aquisition deal worth A$ 1.45 bio.

Large option expiry at 0.7850 for Thusday NY Cut.

Fibonacci Fan: 0.7830 (38.2%), 0.7823 (50.0%), 0.7815 (61.8%)

Resistance: 0.7850, 0.7875, 0.7900, 0.7905

Topics: AUDUSD, forex trading, European Session, technical analysis, Fundamental Analysis, Australian Dollar

 

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