AUD/NZD is currently trading around 1.0803 marks. Pair made intraday high at 1.0814 and low at 1.0800 marks. Intraday bias remains neutral till the time pair holds key support at 1.0775 mark. A sustained close above 1.08…
Pair made intraday high at 1.0814 and low at 1.0800 marks.
Intraday bias remains neutral till the time pair holds key support at 1.0775 mark.
A sustained close above 1.0802 will drag the parity higher towards key resistances at 1.0850/1.0927/1.0998/1.1072/1.1122 levels respectively.
Alternatively, a daily close below 1.0802 will take the parity down towards key supports around 1.0776/1.0736/1.0620/1.0572 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
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RBA governor Lowe will deliver a speech around 0200 GMT titled "Productivity, Wages, and Prosperity" at an Australian Industry Group event, in Melbourne.