Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Aussie falls against major peers as trade balance data misses expectations

  • AUD/NZD is currently trading around 1.0971 marks.
     
  • Pair made intraday high at 1.0995 and low at 1.0963 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.1050 mark.
     
  • A sustained close above 1.0988 will drag the parity higher towards key resistances at 1.1050/1.1113/1.1163/1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.0988 will take the parity down towards key supports around 1.0910, 1.0830, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • Australia Nov trade balance G&S (A$) decrease to -628 mln au vs previous 105 mln au.
     
  • Australia Nov goods/services imports decrease to 1 % vs previous 2 %.
     
  • Australia Nov goods/services exports 0 pct m/m, seasonally adjusted.
     
  • Australia's S&P/ASX 200 index up 0.41 pct at 6,101.90 points in early trade.

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

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.