FxWirePro: Aussie falls against major peers as Australia’s private capital expenditure data fails to meet expectations
AUD/NZD is currently trading around 1.0673 marks. Pair made intraday high at 1.0721 and low at 1.0673 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0748 marks. A daily close belo…
Pair made intraday high at 1.0721 and low at 1.0673 marks.
Intraday bias remains bearish till the time pair holds immediate resistance at 1.0748 marks.
A daily close below 1.0710 will take the parity down towards key supports around 1.0648, 1.0594, 1.0552, 1.0516, 1.0460, 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0710 will drag the parity higher towards key resistances at 1.0735/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
Australia’s Q4 capital expenditure increases to -2.1 % (forecast -0.4 %) vs previous -3.3 % (revised from -4 %).
Australia’s Q4 building capex decreases to -4.1 % vs previous -3.6 % (revised from -5.7 %).
Australia’s Q4 plant/machinery capex increases to 0.4 % vs previous -3 % (revised from -1.9 %).
