FxWirePro: AUD/NZD fails to fall below 1.03 mark, bias remains neutral
AUD/NZD is trading around 1.0370 marks. Pair made intraday high at 1.0377 and low at 1.0351 marks. Intraday bias remains neutral for the moment. On the top side, a sustained close above 1.0450 will drag the parity higher…
Pair made intraday high at 1.0377 and low at 1.0351 marks.
Intraday bias remains neutral for the moment.
On the top side, a sustained close above 1.0450 will drag the parity higher towards 1.0538/1.0647/1.0748/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.
Alternatively, a sustained break below 1.0315(May 05, 2015 low) will take the parity down towards key supports around 1.0261 and 1.0109 marks respectively.
Australia’s May housing finance decrease to -1 % (forecast -2 %) vs previous 1.7 %.
Australia’s May invest housing finance increase to 3.9 % vs previous -5 %.
We prefer to take long position in AUD/NZD around 1.0350, stop loss 1.0312 and target 1.0450 marks.
