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FxWirePro: Aussie rises on robust trade balance data

  • AUD/NZD is currently trading around 1.0872 marks.
     
  • Pair made intraday high at 1.0878 and low at 1.0843 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0798 mark.
     
  • A sustained close above 1.0852 will drag the parity higher towards key resistances around 1.0895/1.0955/1.1002/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
     
  • Alternatively, a daily close below 1.0852 will take the parity down towards key supports around 1.0798/1.0757/1.0658/1.0572/1.0502  marks respectively.
     
  • Australia's S&P/ASX 200 index up 0.28 pct at 5,846.60 points in early trade.
     
  • Australia Sep 2018 trade balance G&S (A$) increase to 3017 aud (forecast 1700 aud) vs previous 1604 aud.
     
  • Australia Oct 2018 AIG manufacturing index decrease to 58.3 vs previous 59.
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