FxWirePro: Aussie trades almost flat against major peers despite robust trade balance data
Thursday, November 7, 2019 1:34 AM UTC
- AUD/NZD is currently trading around 1.0812 marks.
- Pair made intraday high at 1.0814 and low at 1.0802 marks.
- Intraday bias remains neutral till the time pair holds key support at 1.0808 marks.
- A sustained close above 1.0808 will drag the parity higher towards key resistances around 1.0882, 1.0951 and 1.1145 levels respectively.
- Alternatively, a daily close below 1.0808 will take the parity down towards key supports around 1.0750/1.0670/1.0560/1.0518/1.0407/1.0339 marks respectively.
- Australia’s S&P/ASX200 was trading around 0.67 pct higher at 6,704.40 points.
- Aussie’s trade balance stands at 7.18B vs 6.62B previous release (expected 5.10B).