AUDTHB Under Pressure After GDP MissAUSTRALIAN DOLLAR / THAI BAHTFX_IDC:AUDTHBYES_GroupMarket Analysis: Today, AUDTHB is poised for volatile trading with a bearish bias after Australia’s Q1 GDP grew by just 0.3% QoQ, missing the 0.5% forecast and slowing down significantly from the previous quarter’s 0.9%. On a YoY basis, GDP came in at 2.5%, below the 2.7% estimate, indicating that the Australian economy is growing softer than anticipated, which might temper expectations for further RBA hawkishness. Furthermore, Australia’s Services and Composite PMIs landed at 48.7; though beating expectations, they remain below 50, pointing to economic contraction. However, China’s Caixin Services PMI recorded a strong 54.4 (vs. 52.3 expected), signaling a solid recovery in China’s service sector. This could partially cushion the AUD’s decline, given China’s status as Australia’s primary trading partner. Technical Outlook: On the 4-hour timeframe (4H), the chart presents a Sideway Up structure, keeping its short-term bullish momentum intact. The price is trading above the EMA lines and is currently retracing to test an Order Block zone. With the RSI holding above 50, buyers still have the upper hand; if the price can establish support over this zone, it is likely to climb back up to test the resistance at 23.47–23.48. For the risk factors, the MACD is showing signs of a bearish crossover and the bullish Histogram is shrinking, indicating a loss in upward momentum. If the price fails to defend the Order Block and slides below the EMA lines, it could trigger further liquidations down to the support at 23.41–23.40. Support Level : 23.41 – 23.40 Target : 23.47 – 23.48 Stop Loss : 23.38