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FxWirePro: Aussie trades lower as NAB business confidence, business condition data fail to meet expectations

Tuesday, November 8, 2016 1:07 AM UTC

AUD/NZD is currently trading around 1.0513 marks.
Pair made intraday high at 1.0524 and low at 1.0503 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0447 marks.
A sustained close above 1.0531 will drag the parity higher towards key resistances at 1.0618/1.0658/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
Alternatively, a consistent close below 1.0447 will take the parity down towards key supports around 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
Australia October NAB business condition decreases to 6 vs previous 8.
Australia October NAB business confidence decreases to 4 vs previous 6.

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FxWirePro: Aussie trades lower as NAB business confidence, business condition data fail to meet expectations

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