FxWirePro: Aussie falls against kiwi after mixed economic data
Friday, November 1, 2019 2:35 AM UTC
- AUD/NZD is currently trading around 1.0731 marks.
- Pair made intraday high at 1.0749 and low at 1.0722 marks.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0804 marks.
- A sustained close above 1.0749 will drag the parity higher towards key resistances around 1.0804, 1.0882 and 1.0951 levels respectively.
- Alternatively, a daily close below 1.0749 will take the parity down towards key supports around 1.0670/1.0560/1.0518/1.0407/1.0339 marks respectively.
- Australia’s AIG manufacturing index stands at 51.6 vs 54.7 previous released.
- Australia’s manufacturing PMI stands at 50.0 vs 50.3 previous released (expected 50.1).
- Australia’s PPI q/q stands at 0.4 vs 0.4 previous released (expected 0.3).
- Australia’s S&P/ASX200 was trading around 0.03 pct higher at 6,665.30 points.