FxWirePro: Aussie gains in early hours of Asia on robust PPI data
Friday, January 27, 2017 1:46 AM UTC
- AUD/NZD is currently trading around 1.0397 marks.
- Pair made intraday high at 1.0406 and low at 1.0389 marks.
- Intraday bias remains neutral till the time pair holds immediate resistance at 1.0425 marks.
- A consistent close below 1.0394 will take the parity down towards key supports around 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
- On the other side, a sustained close above 1.0394 will drag the parity higher towards key resistances at 1.0425/1.0470/1.0532/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
- Australia’s Q4 export prices increase to 12.4 % (forecast 11.0 %) vs previous 3.5 %.
- Australia’s Q4 import prices increase to 0.2 % (forecast -0.5 %) vs previous -1 %.
- Australia’s Q4 PPI q/q increase to 0.5 % vs previous 0.3 %.
- Australia’s Q4 PPI y/y increase to 0.7 % vs previous 0.5 %.