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FxWirePro: Aussie gains in early hours of Asia on robust trade balance data

  • AUD/NZD is currently trading around 1.0447 marks.
     
  • Pair made intraday high at 1.0465 and low at 1.0413 marks.
     
  • Intraday bias remains bullish till the time pair holds immediate support at 1.0370 marks.  
     
  • A consistent close below 1.0413 will take the parity down towards key supports around 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
     
  • On the other side, a sustained close above 1.0413 will drag the parity higher towards key resistances at 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 December trade balance increases to 3511 mln aud (forecast 2200 mln Aud) vs previous 1243 mln Aud.
     
  • Australia December building approvals decreases to -1.2 % (forecast -2 %) vs prev 7.5 % (revised from 7.0 %).
     
  • Australia December private house approvals decrease to -1.6 % vs previous 0.1 % (revised from -0.2 %).
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