- AUD/NZD is currently trading around 1.0726 marks.
- Pair made intraday high at 1.0727 and low at 1.0699 marks.
- Intraday bias remains bullish till the time pair holds key support at 1.0665 mark.
- A sustained close above 1.0710 will drag the parity higher towards key resistances at 1.0757/1.0802/1.0945/1.1072 levels respectively.
- Alternatively, a daily close below 1.0710 will take the parity down towards key supports around 1.0624/1.0572/1.0506/1.0443/1.0380/1.0305 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Australia April AIG services index decrease to 55.2 vs previous 56.9.
- Australia March building approvals increase to 2.6 % (forecast 1 %) vs previous -6.2 %.
- Australia March trade balance g&s (a$) increase to 1527 mln au (forecast 650 mln au) vs previous 825 mln au.
- Australia March private house approvals decrease to 1.1 % vs previous 1.9 %.
- Australia's S&P/ASX 200 index up 0.69 pct at 6,091.80 points in early trade.
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