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FxWirePro: Aussie strengthens in early Asia after mixed economic data

AUD/NZD is currently trading around 1.0730 marks. Pair made intraday high at 1.0739 and low at 1.0708 marks. Intraday bias remains slightly bullish till the time pair holds key support at 1.0692 mark. A sustained close a…

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FxWirePro: Aussie strengthens in early Asia after mixed economic data
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  • AUD/NZD is currently trading around 1.0730 marks.
     
  • Pair made intraday high at 1.0739 and low at 1.0708 marks.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 1.0692 mark.
     
  • A sustained close above 1.0715 will drag the parity higher towards key resistances at 1.0826/1.0945/1.1072/1.1113/1.1163/1.1238 levels respectively.
     
  • Alternatively, a daily close below 1.0715 will take the parity down towards key supports around 1.0654/1.0550/1.0443 marks respectively.
     
  • Australia Jan building approvals increase to 17.1 % (forecast 5 %) vs previous -20.6 % (revised from -20 %).
     
  • Australia Jan private house approvals decrease to -1.1 % vs previous 1.4 % (revised from 1 %).
     
  • Australia Feb AIG services index decrease to 54 vs previous 54.9.
     
  • Australia's S&P/ASX 200 index down 0.16 pct at 5,919.50 points in early trade.

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