FxWirePro: AUD/NZD stabilizes below 1.05 mark after mixed housing data from Australia
AUD/NZD is currently trading around 1.0485 marks. Pair made intraday high at 1.0501 and low at 1.0481 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0532 marks. A sustained close …
Pair made intraday high at 1.0501 and low at 1.0481 marks.
Intraday bias remains bearish till the time pair holds immediate resistance at 1.0532 marks.
A sustained close above 1.0532 will drag the parity higher towards key resistances at 1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
Alternatively, a consistent close below 1.0479 will take the parity down towards key supports around 1.0446, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
Australia’s October building approvals decreases to -12.6 % (forecast 1.5 %) vs previous -8.7 %.
Australia’s October private sector credit increases to 0.5 % (forecast 0.4 %) vs previous 0.4 %.
Australia’s October housing credit increases to 0.6 % vs previous 0.5 %.
Australia’s October private house approvals decrease to -3.4 % vs previous 2.3 %.
