FxWirePro: Aussie appreciates immediately against major peers after NAB business confidence data
Tuesday, October 9, 2018 1:15 AM UTC
- AUD/NZD is currently trading around 1.0975 marks.
- Pair made intraday high at 1.0980 and low at 1.0939 marks.
- Intraday bias remains bullish for the moment.
- A sustained close above 1.0955 will drag the parity higher towards key resistances around 1.1002/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
- Alternatively, a daily close below 1.0955 will take the parity down towards key supports around 1.0905/1.0857/1.0782/1.0658/1.0572/1.0502 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Australia's S&P/ASX 200 index was trading 0.96 pct lower at 6,040.60 points.
- Australia Sep 2018 NAB business conditions stays flat at 15 balance vs previous 15 balance.
- Australia Sep 2018 NAB business confidence increase to 6 balance vs previous 4 balance.