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FxWirePro: Aussie gains against kiwi on robust NAB’s business condition data

  • AUD/NZD is currently trading around 1.0798 marks.
     
  • Pair made intraday high at 1.0800 and low at 1.0766 marks.
     
  • Intraday bias remains bullish till the time pair holds immediate support at 1.0763 marks.  
     
  • A daily close below 1.0777 will take the parity down towards key supports around 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 1.0777 will drag the parity higher towards key resistances at 1.0833/1.0904/1.0966/1.1062 (30D EMA)/1.1148 levels respectively.
     
  • Australia’s March NAB business conditions increase to 14 vs previous 9.
     
  • Australia’s March NAB business confidence decrease to 6 vs previous 7.
  • Market Data
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