FxWirePro: Aussie marginally lower against major peers after mixed data from Australia
AUD/NZD is currently trading around 1.0715 marks. Pair made intraday high at 1.0766 and low at 1.0715 marks. Intraday bias remains slightly bearish till the time pair holds immediate resistance at 1.0740 marks. A daily c…
Pair made intraday high at 1.0766 and low at 1.0715 marks.
Intraday bias remains slightly bearish till the time pair holds immediate resistance at 1.0740 marks.
A daily close below 1.0740 will take the parity down towards key supports around 1.0670, 1.0616, 1.0594, 1.0552, 1.0516, 1.0460, 1.0412 and 1.0370 marks respectively.
On the other side, a sustained close above 1.0740 will drag the parity higher towards key resistances at 1.0766/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
Australia’s January trade balance G&S (A$) decrease to 1302 mln Aud (forecast 3800 mln Aud) vs previous 3334 mln Aud (revised from 3511 mln Aud).
Australia’s January goods/services exports decrease to -3 % vs previous 5.0 %.
Australia’s January private house approvals decrease to -3 % vs previous -2.5 % (revised from -1.6 %).
Australia’s January building approvals increase to 1.8 % (forecast 0.0 %) vs previous -2.5 % (revised from -1.2 %).
Australia’s January goods/services imports increase to 4 % vs previous 1.0 %.
