FXstreet.com (Barcelona) - The Aussie dollar has quickly left behind the 1.0200 mark on Wednesday, after Australian GDP figures for the second quarter showed an increment of 0.6% QoQ, below the +0.6% expected and down than the +1.4% registered in the first quarter. Over the last twelve months, the economic activity grew 3.7% vs. 4.3% previous. Adding to the downside, Chinese HSBC Services PMI came in at 52.0 in the same period, lower than July’s 53.1
AUD/USD is down 0.35% at 1.0182 and a breach of 1.0180 (low Jul.25) would bring 1.0160 (hourly lows Jul.13).
On the upside, resistance levels are located at 1.0287 (high Sep.4) then 1.0300 (high Sep.3) and 1.0317 (MA200d).