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- AUD/NZD is currently trading around 1.0535 marks.
- Pair made intraday high at 1.0541 and low at 1.0518 marks.
- Intraday bias remains neutral till the time pair holds key support at 1.0500 mark.
- A sustained close above 1.0533 will drag the parity higher towards key resistances at 1.0597/1.0652/1.0705/1.0802/1.0945/1.1072 levels respectively.
- Alternatively, a daily close below 1.0533 will take the parity down towards key supports around 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 March NAB business confidence decrease to 7 vs previous 9.
- Australia March NAB business conditions decrease to 14 vs previous 21.
- Australia's S&P/ASX 200 index down 0.40 pct at 5,785.70 points in early trade.
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