AUD

FXstreet.com (Barcelona) - The Australian Dollar has come under pressure once again after the latest GDP Q4 for 2011 outstripped worst expectations, showing a read of 0.4% vs 0.8% expected, a big miss indeed. Y/Y GDP was 2.3% against expectations of a 2.4% rise.. AUD/USD has lost over 50 pips in no time, printing a new 6-week low at 1.0520. Immediate support comes at 1.0500 round number ahead of 1.0480, static support. "A sustained move below support at 1.0525 targets a move towards the 200-day MA at 1.0405/10" explains John Noonan, Head of IFR Markets.