FxWirePro: Aussie falls in early Asia on the back of lower than expected Westpac consumer sentiment data
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 belo…
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.
