FxWirePro: Aussie gains against major peers on robust consumer sentiment index
AUD/NZD is currently trading around 1.0703 marks. Pair made intraday high at 1.0707 and low at 1.0672 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0581 marks. A sustained close abo…
Pair made intraday high at 1.0707 and low at 1.0672 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0581 marks.
A sustained close above 1.07 will drag the parity higher towards key resistances at 1.0739/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.
Alternatively, a consistent break below 1.0648 will take the parity towards key supports around 1.0509, 1.0472, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
Australia’s October consumer sentiment increase to 1.1 % vs previous 0.3 %.
