Australia's Q2 Growth Figures Surprised at 0.9 % (Expected 0.7%)

Wednesday, 05/09/2018 | 09:19 GMT

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Australia's Q2 growth figures surprised at 0.9 % (expected 0.7%), with the Aussie though resuming under pressure due to the turbulence in Asia's Emerging Markets. Furthermore, the RBA yesterday said that a rate hike was a long way off yet. In contrast, Australia's economy remains in the right direction and this supports the currency. Major support is found at the 0.7090-00 and resistance at the 0.7210.

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Source: https://www.exclusivecapital.com/audusd-september-5-2018-weekly-analysis/

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