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    AUD/USD Extended Gains to 0.7850 in Europe post 4th Qtr GDP


    AUD.3.4 resized 600Chart: WorldWideMarkets Alpha Trader

    Australian 4Qtr GDP 0.5% q/q as expected. 2.5% y/y versus 2.4% median forecast.

    China February HSBC Services PMI 52.0 from 51.8 in January.

    Australian regulators approved a bid by the US arm of Brazlian firm JBS to aquire Primo. Aquisition deal worth A$ 1.45 bio.

    Large option expiry at 0.7850 for Thusday NY Cut.

    Fibonacci Fan: 0.7830 (38.2%), 0.7823 (50.0%), 0.7815 (61.8%)

    Resistance: 0.7850, 0.7875, 0.7900, 0.7905

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