Australian GDP Down 0.2% in (Q2) , AUDUSD Follows !

Forex Aust
Forex Aust

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.

The Australian GDP fell 0.2% , from 0.9% in the previous month , the indicator was expected to fall 0.4% in the last month .

Market Impact :

As long as 0.7153 resistance holds on a daily closing basis, outlook in AUDUSD remains on the downside towards the 0.6900 levels ahead of the 0.6750 levels, above 0.7153 faces a recovery risk towards the 0.7300 levels before the next fall..

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MARKET DATA

UPCOMING ECONOMIC EVENTS