FxWirePro: Aussie falls in early Asia on the back of lower than expected Westpac consumer sentiment data
Wednesday, March 15, 2017 1:16 AM UTC
- AUD/NZD is currently trading around 1.0910 marks.
- Pair made intraday high at 1.0923 and low at 1.0907 marks.
- Intraday bias remains bearish till the time pair holds immediate resistance at 1.0944 marks.
- A daily close below 1.0923 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 1.0923 will drag the parity higher towards key resistances at 1.0947/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
- Australia’s February new motor vehicle sales m/m decrease to -2.7 % vs previous 0.6 %.
- Australia’s March consumer sentiment decrease to 0.1 % vs previous 2.3 %.
- New Zealand Q4 actual c/account balance nz$-2.335 bln (poll nz$-2.543 bln).
- New Zealand Q4 seasonally-adjusted current account balance nz$-1.599 bln.