FxWirePro: Aussie gains on robust NAB business confidence, private sector credit data
Tuesday, January 31, 2017 12:57 AM UTC
- AUD/NZD is currently trading around 1.0384 marks.
- Pair made intraday high at 1.0388 and low at 1.0360 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 1.0360 marks.
- A consistent close below 1.0369 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 1.0369 will drag the parity higher towards key resistances at 1.0417/1.0470/1.0532/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
- Australia’s December NAB business conditions increases to 11 vs previous 5.
- Australia’s December NAB business confidence increases to 6 vs previous 5.
- Australia’s December private sector credit increase to 0.7 % vs previous 0.5 %.
- Australia’s December housing credit stays flat at 0.5 % vs previous 0.5 %.