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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 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.
  • Market Data
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