When is the Australian Q4 2022 GDP release and how could it affect AUD/USD? – by anilpanchal7 AUDUSD Australia GDP Events RiskAppetite
figures, up for publishing at 00:30 GMT on Wednesday, for the AUD/USD pair traders.
That said, Australia’s Q4 GDP is likely to carry less importance for the pair traders, considering the present focus on the risk-aversion and hawkish Fed bets, as well as the key events lined up for publishing in March, including China PMI and Fed meetings. Also likely to dilute the importance of the data is the latest Reserve Bank of Australia monetary policy meeting that failed to impress the hawks despite showing readiness to inflation the benchmark rate.
Technically, AUD/USD seesaws around the 100-DMA and an upward-sloping support line from late November 2022, highlighting the importance of the 0.6700 support. However, bears remain hopeful of meeting the last December’s low near 0.6630 unless the quote rises past the 200-DMA hurdle surrounding 0.6800.About the Aussie GDP release
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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