FxWirePro: Aussie falls against major peers as Australia’s NAB business confidence data fails to meet expectations
AUD/NZD is currently trading around 1.0916 marks. Pair made intraday high at 1.0944 and low at 1.0915 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0947 marks. A daily close belo…
Pair made intraday high at 1.0944 and low at 1.0915 marks.
Intraday bias remains bearish till the time pair holds immediate resistance at 1.0947 marks.
A daily close below 1.0932 will take the parity down towards key supports around 1.0863, 1.0779, 1.0713, 1.0670, 1.0616, 1.0594, 1.0552, 1.0516, 1.0460, 1.0412 and 1.0370 marks respectively.
On the other side, a sustained close above 1.0932 will drag the parity higher towards key resistances at 1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
Australia’s February NAB business conditions decrease to 9 vs previous 16.
Australia’s February NAB business confidence decrease to 7 vs previous 10.
