FxWirePro: Aussie gains in early hours of Asia on robust PPI data
AUD/NZD is currently trading around 1.0397 marks. Pair made intraday high at 1.0406 and low at 1.0389 marks. Intraday bias remains neutral till the time pair holds immediate resistance at 1.0425 marks. A consistent close…
Pair made intraday high at 1.0406 and low at 1.0389 marks.
Intraday bias remains neutral till the time pair holds immediate resistance at 1.0425 marks.
A consistent close below 1.0394 will take the parity down towards key supports around 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0394 will drag the parity higher towards key resistances at 1.0425/1.0470/1.0532/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
Australia’s Q4 export prices increase to 12.4 % (forecast 11.0 %) vs previous 3.5 %.
Australia’s Q4 import prices increase to 0.2 % (forecast -0.5 %) vs previous -1 %.
Australia’s Q4 PPI q/q increase to 0.5 % vs previous 0.3 %.
Australia’s Q4 PPI y/y increase to 0.7 % vs previous 0.5 %.
