For now, the cross reached 1.0197 in mid European session and has been easing slowly to 1.0180/90 area ahead of the New York opening. Today’s data in Australia showed a rising GDP by 0.6% in Q2 (lower than 0.7% consensus), but a dropping annualized growth, from 4.4% to 3.7%. “Nominal income was weak, however, decelerating to 3.2%/yr, barely half the 20-year average of 6,5%, as the household savings ratio stayed elevated at ~9%”, wrote TD Securities analysts.
Mataf.net analysts point to resistances at 1.0215, 1.0285 and 1.0340. On the downside, supports might be found at 1.0165, 1.0155 and 1.0100.