FxWirePro: AUD/NZD hits fresh 2-month high at 1.0680, faces strong resistance at 1.0739
AUD/NZD is currently trading around 1.0665 marks. Pair made intraday high at 1.0680 and low at 1.0649 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0562 marks. A sustained close abo…
Pair made intraday high at 1.0680 and low at 1.0649 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0562 marks.
A sustained close above 1.0680 will drag the parity higher towards key resistances at 1.0739/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
Alternatively, a consistent break below 1.0618 will take the parity towards key supports around 1.0509, 1.0472, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
Australia’s September NAB business conditions increases to 8 vs previous 7.
Australia’s September NAB business confidence stays flat at 6 vs previous 6.
Australia’s August housing finance increases to -3 % (forecast -2.5 %) vs previous -4.2 %.
Australia’s August invest housing finance decreases to 0.1 % vs previous 0.5 %.
