Although Aussie GDP shrinks 3% on yearly basis it has performed well enough against its counterpart US. A new start of economic activities and covid vaccine reports have boosted its recovery chance. On the monthly chart, the Aussie Dollar breaks above the 0.7400 resistance, and the next resistance for bulls is at the 0.7700 marks.
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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.