FxWirePro: Aussie marginally lower in early Asia as Australia’s AIG construction index fails to meet expectations
AUD/NZD is currently trading around 1.0816 marks. Pair made intraday high at 1.0824 and low at 1.0812 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0868 marks. A daily close belo…
Pair made intraday high at 1.0824 and low at 1.0812 marks.
Intraday bias remains bearish till the time pair holds immediate resistance at 1.0868 marks.
A daily close below 1.0822 will take the parity down towards key supports around 1.0792, 1.0713, 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 1.0822 will drag the parity higher towards key resistances at 1.0868/1.0904/1.0966/1.1062 (30D EMA)/1.1148 levels respectively.
Australia’s March AIG construction index decreases to 51.2 vs previous 53.1.
