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FxWirePro: Aussie strengthens in early Asia after mixed economic data

AUD/NZD is currently trading around 1.0982 marks. Pair made intraday high at 1.0983 and low at 1.0946 marks. Intraday bias remains bullish till the time pair holds key support at 1.0950 mark. A sustained close above 1.09…

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FxWirePro: Aussie strengthens in early Asia after mixed economic data
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  • AUD/NZD is currently trading around 1.0982 marks.
     
  • Pair made intraday high at 1.0983 and low at 1.0946 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0950 mark.
     
  • A sustained close above 1.0950 will drag the parity higher towards key resistances at 1.0995/1.1050/1.1113/1.1163/1.1238/1.1289/1.1384 levels respectively.
     
  • Alternatively, a daily close below 1.0950 will take the parity down towards key supports around 1.0902, 1.0830, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • Australia Jan consumer sentiment decrease to 1.8 % vs previous 3.6 %.
     
  • Australia Nov housing finance increase to 2.1 % (forecast -0.2 %) vs previous -0.6 %.
     
  • Australia's S&P/ASX 200 index up 0.29 pct at 5,920.00 points in early trade.

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