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 w…
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 %).
