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- AUD/NZD is currently trading around 1.0710 marks.
- Pair made intraday high at 1.0744 and low at 1.0704 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1.0736 mark.
- A sustained close above 1.0736 will drag the parity higher towards key resistances at 1.0802/1.0945/1.1072 levels respectively.
- Alternatively, a daily close below 1.0692 will take the parity down towards key supports around 1.0620/1.0572/1.0506/1.0443/1.0380/1.0305 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart
. - Australia April AIG construction index decrease to 55.4 vs previous 57.2.
- Australia April NAB business conditions increase to 21 vs previous 14.
- Australia April NAB business confidence increase to 10 vs previous 7.
- Australia's S&P/ASX 200 index up 0.67 pct at 6,103.60 points in early trade.
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