FxWirePro: Aussie appreciates immediately against major peers after NAB business confidence data
AUD/NZD is currently trading around 1.0975 marks. Pair made intraday high at 1.0980 and low at 1.0939 marks. Intraday bias remains bullish for the moment. A sustained close above 1.0955 will drag the parity higher toward…
Pair made intraday high at 1.0980 and low at 1.0939 marks.
Intraday bias remains bullish for the moment.
A sustained close above 1.0955 will drag the parity higher towards key resistances around 1.1002/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
Alternatively, a daily close below 1.0955 will take the parity down towards key supports around 1.0905/1.0857/1.0782/1.0658/1.0572/1.0502 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Australia's S&P/ASX 200 index was trading 0.96 pct lower at 6,040.60 points.
Australia Sep 2018 NAB business conditions stays flat at 15 balance vs previous 15 balance.
Australia Sep 2018 NAB business confidence increase to 6 balance vs previous 4 balance.
