s Domestic Product, which came in at 3.4% QoQ, better than the 3% expected. The annual reading jumped to 4.2% from a revised 4% in the previous quarter.
The near term picture also favors the upside, as the pair met buyers on a test of a firmly bullish 20 SMA. The Momentum indicator has lost its bullish strength within positive levels, while the RSI indicator heads firmly higher around 65, reflecting bulls’ determination.View Live Chart for the AUD/USD
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