Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

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 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 %.
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.