Softer Australia GDP growth, rising wedge lure AUDUSD bearsAUDUSD picks up bids to consolidate the biggest daily loss in a fortnight early Wednesday even as Australia’s Q1 GDP growth softens to 0.1% QoQ and 1.1% YoY respectively versus 0.3% and 1.6% priors in that order. The Aussie growth numbers also slide beneath market forecasts of 0.2% QoQ and 1.2% YoY.
