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…
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.
