AUDCHF Repositioned for a Bearish Movement After Weaker GDP Data
AUDCHF Repositioned for a Bearish Movement After Weaker GDP Data
AUDCHF confirmed a bearish flag pattern overnight, driven by unexpected weaker GDP data.
The annual third-quarter GDP expanded by 0.8%, compared with 1.0% growth in Q2, and fell short of the consensus of a 1.1% increase. The quarterly GDP grew 0.3% QoQ in Q3, versus the expected 0.4%.
This bearish momentum on AUD is likely to continue pushing the price down in the coming days.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
AUDCHF confirmed a bearish flag pattern overnight, driven by unexpected weaker GDP data.
The annual third-quarter GDP expanded by 0.8%, compared with 1.0% growth in Q2, and fell short of the consensus of a 1.1% increase. The quarterly GDP grew 0.3% QoQ in Q3, versus the expected 0.4%.
This bearish momentum on AUD is likely to continue pushing the price down in the coming days.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade fermée: cible de profit atteinte
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.