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Add as a preferred source on Google FxWirePro: Aussie strengthens against major peers on the back of higher than expected trade balance data, RBA’s cash rate decision in focus AUD/NZD is currently trading around 1.0275 marks. Pair made intraday high at 1.0287 and low at 1.0246 marks. Intraday bias remains slightly bullish for the moment. A sustained close above 1.0286 will drag the parity high…
By FxWirePro Team Apr 7, 2020, 2:00 AM UTC
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AUD/NZD is currently trading around 1.0275 marks.
Pair made intraday high at 1.0287 and low at 1.0246 marks.
Intraday bias remains slightly bullish for the moment.
A sustained close above 1.0286 will drag the parity higher towards key resistances around 1.0341, 1.0532, 1.06, 1.0654 and 1.0743 mark respectively.
Alternatively, a daily close below 1.0255 will drag the parity lower towards key supports around 1.0197/1.0052/0.9950/0.9824/0.97 marks respectively.
Australia’s trade balance stands at 4.36B vs 5.21B previous release (expected 3.75B).
Australia’s S&P/ASX200 was trading 0.10 pct higher at 5,291.55 points.
Australia’s AIG services index stands at 38.7 vs 47.0 previous release.
RBA will release cash rate decision around 0430 GMT.
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