Technicals

Add as a preferred source on Google

FxWirePro: Aussie falls against major peers as NAB business confidence data fails to meet expectations

AUD/NZD is currently trading around 1.1043 marks. Pair made intraday high at 1.1066 and low at 1.1042 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.1126 mark. A sustained close above 1…

1 min read
FxWirePro: Aussie falls against major peers as NAB business confidence data fails to meet expectations
Image from the original EconoTimes article

Read the original article

  • AUD/NZD is currently trading around 1.1043 marks.
     
  • Pair made intraday high at 1.1066 and low at 1.1042 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.1126 mark.
     
  • A sustained close above 1.1126 will drag the parity higher towards key resistances at 1.1178/1.1224/1.1301/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.1049 will take the parity down towards key supports around 1.0963, 1.0862, 1.0798, 1.0737, 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
     
  • Australia’s August NAB business condition stays flat at 15 vs previous 15.0.
     
  • Australia’s August NAB business confidence decrease to 5 vs previous 12.
     
  • Australia's S&P/ASX 200 index up 0.44 pct at 5,738.20 points in early trade.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560