FxWirePro: Aussie rises against kiwi despite lower than expected building approvals data
AUD/NZD is currently trading around 1.0798 marks. Pair made intraday high at 1.0798 and low at 1.0776 marks. Intraday bias remains bullish till the time pair holds key support at 1.0740 mark. A sustained close above 1.07…
Pair made intraday high at 1.0798 and low at 1.0776 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0740 mark.
A sustained close above 1.0776 will drag the parity higher towards key resistances around 1.0820, 1.0856, 1.0882 and 1.0951 levels respectively.
Alternatively, a daily close below 1.0776 will take the parity down towards key supports around 1.0709/1.0640/1.0560/1.0518/1.0407/1.0339 marks respectively.
Aussie building approvals m/m stands at -1.1 pct vs -9.7 pct previous release (expected 2.1 pct).
Kiwi business confidence stands at -40 pct vs -34 previous released.
