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FxWirePro: Aussie gains against major peers on the back of higher than expected private capital expenditure data

  • AUD/NZD is currently trading around 1.1029 marks.
     
  • Pair made intraday high at 1.1024 and low at 1.0963 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0923 mark.
     
  • A daily close below 1.0968 will take the parity down towards key supports around 1.0923, 1.0862, 1.0798, 1.0737, 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
     
  • On the other side, a sustained close above 1.0968 will drag the parity higher towards key resistances at 1.1062/1.1148/1.1224 levels respectively.
     
  • Australia’s July HIA new home sales m/m increase to -3.7 % vs previous -6.9 %.
     
  • Australia’s Q2 plant/machinery capex Q/Q increase to 2.7 % vs previous 0.1 % (revised from -0.1 %).
     
  • Australia Q2 building capex Q/Q decrease to -0.6 % vs previous 1.4 % (revised from 0.7 %).
     
  • Australia Q2 capital expenditure q/q increases to 0.8 % than forecast of 0.3 % (previous 0.9 %, revised from 0.3 %).

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