• AUD/NZD is currently trading around 1.0439 marks.
   
• Pair made intraday high at 1.0448 and low at 1.0423 marks.
   
• Intraday bias remains bullish till the time pair holds key support at 1.0393 marks.  
   
• A sustained close above 1.0467 will drag the parity higher towards key resistances at 1.0581/1.0652/1.0709/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
   
• Alternatively, reversal from key resistance will take the parity down towards key supports around 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.
   
• Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.
   
• Australia’s July building approvals increases to 11.3 % (forecast 0.0 %) vs previous -2.9 %.
   
• Australia’s July private house approvals increases to -0.5 % vs previous -2.3 %.