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FxWirePro: Aussie trades marginally higher against major peers on robust trade balance data

  • AUD/NZD is currently trading around 1.0338 marks.
     
  • Pair made intraday high at 1.0340 and low at 1.0321 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0315 marks.
     
  • A sustained close above 1.0340 will drag the parity higher towards key resistances around 1.0455, 1.0526, 1.06, 1.0654, 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
     
  • Alternatively, a daily close below 1.0326 will take the parity down towards key supports around 1.0264/1.0222/1.0178 marks respectively.
     
  • Australia’s trade balance stands at 5.80B vs 4.08B previous release (expected 4.10B).
     
  • Australia’s S&P/ASX 200 was trading 0.94 pct higher at 6,881.70 points.
  • Market Data
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