FxWirePro: Aussie gives temporary downside movement against major peers after CAPEX data, AUD/NZD back above 1.07 marks

• AUD/NZD is trading around 1.0729 marks.
   
• Pair made intraday high at 1.0733 and low at 1.0663 marks.
   
• Today Australia released CAPEX data with negative numbers at -5.2% q/q vs 1.8% q/q previous release.  
   
• Aussie gains against major peers despite lower than expected private capital expenditure data.
   
• Intraday bias remains neutral for the moment.
   
• A sustained close above 1.0734 is required to drag the parity higher towards 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.
   
• Alternatively, a daily close below 1.0651 will take the parity down towards key support around 1.0574 (February 12, 2016 low) and 1.0506 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms bearish trend. 

We prefer to take short position in AUD/NZD around 1.0745, stop loss 1.0802 and target 1.0632 levels.