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FxWirePro: Aussie falls in early Asia after economic data sets, AUD/NZD requires sustained close below 1.0692 for downside rally

AUD/NZD is currently trading around 1.0710 marks. Pair made intraday high at 1.0744 and low at 1.0704 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0736 mark. A sustained close above 1…

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FxWirePro: Aussie falls in early Asia after economic data sets, AUD/NZD requires sustained close below 1.0692 for downside rally
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  • AUD/NZD is currently trading around 1.0710 marks.
     
  • Pair made intraday high at 1.0744 and low at 1.0704 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0736 mark.
     
  • A sustained close above 1.0736 will drag the parity higher towards key resistances at 1.0802/1.0945/1.1072 levels respectively.
     
  • Alternatively, a daily close below 1.0692 will take the parity down towards key supports around 1.0620/1.0572/1.0506/1.0443/1.0380/1.0305 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart
    .
  • Australia April AIG construction index decrease to 55.4 vs previous 57.2.
     
  • Australia April NAB business conditions increase to 21 vs previous 14.
     
  • Australia April NAB business confidence increase to 10 vs previous 7.
     
  • Australia's S&P/ASX 200 index up 0.67 pct at 6,103.60 points in early trade.

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