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NZD/USD and AUD/USD continued to see strength throughout the European session

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Overview Overnight saw the release of mixed Chinese data, GDP (Q3 Y/Y 6.90% vs. Exp. 6.80% Prev. 7.00%) and retail sales beat expectations, while China’s industrial production missed. AUD and NZD benefited from the data, despite the headline GDP reading showing the slowest quarter of growth since Q1 2009. NZD/USD and AUD/USD continued to see strength throughout the European session, with a lack of tier 1 data or fundamental news from either the US or Europe. Oil however experienced softness

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