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FxWirePro: Aussie gains against major peers on robust NAB’s business confidence data

  • AUD/NZD is currently trading around 1.0664 marks.
     
  • Pair made intraday high at 1.0668 and low at 1.0635 marks.
     
  • Intraday bias remains bullish till the time pair holds immediate support at 1.0594 marks.  
     
  • A daily close below 1.0645 will take the parity down towards key supports around 1.0594, 1.0552, 1.0516, 1.0460, 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
     
  • On the other side, a sustained close above 1.0645 will drag the parity higher towards key resistances at 1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
     
  • Australia’s January NAB business conditions increase to 16 vs previous 11.
     
  • Australia’s January NAB business confidence increase to 10 vs previous 6.
  • Market Data
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