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FxWirePro: Aussie falls against major peers after wage price index data

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…

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FxWirePro: Aussie falls against major peers after wage price index data
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  • 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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