- AUD/NZD is currently trading around 1.0865 marks.
- Pair made intraday high at 1.0900 and low at 1.0863 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1.0900 mark.
- A sustained close above 1.0888 will drag the parity higher towards key resistances at 1.0945/1.1072/1.1122 levels respectively.
- Alternatively, a daily close below 1.0888 will take the parity down towards key supports around 1.0825/1.0736/1.0620/1.0572/1.0506 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 up 0.12 pct at 6,105.40 points in early trade.
- Australia Q1 wage price index q/q decrease to 0.5 % (forecast 0.6 %) vs previous 0.6 %.
- Australia Q1 wage price index y/y stays flat at 2.1 % (forecast 2.1 %) vs previous 2.1 %.
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