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 closed: target reached
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.