The AUD/NZD cross rate spiked above the 1.0800 level after the release of Australia's Gross Domestic Product (GDP) during Asia trading on Wednesday. The major currency pair is currently trading near 1.0854, up 0.12% for the day.
The latest data released by the Australian Bureau of Statistics (ABS) on Wednesday showed that the country's GDP grew by 0.4% in Q2 2023, up from 0.2% in the first quarter and better than the estimated figure of 0.3%.
This weekend, New Zealand's Q2 production sales and Australia's trade balance will be published. Traders will take cues from this data and seek trading opportunities around the AUD/NZD pair
The latest data released by the Australian Bureau of Statistics (ABS) on Wednesday showed that the country's GDP grew by 0.4% in Q2 2023, up from 0.2% in the first quarter and better than the estimated figure of 0.3%.
This weekend, New Zealand's Q2 production sales and Australia's trade balance will be published. Traders will take cues from this data and seek trading opportunities around the AUD/NZD pair
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How do you feel about the market today?
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good luck everyone
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Gold is moving sideways before deciding its next moves
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Support levels: 0.6350 0.6330 0.6300
Resistance levels: 0.6405 0.6440 0.6460
Resistance levels: 0.6405 0.6440 0.6460
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the Fed is widely expected to keep the monetary policy unchanged for the remaining year.
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AUDUSD is moving sideways
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Australian economic data shows Imports have overtaken Exports, but the country still showed a surplus on Trade Balance of A$8 billion in July
