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 be…
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 %).
