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- AUD/NZD is currently trading around 1.0784 marks.
- Pair made intraday high at 1.0797 and low at 1.0777 marks.
- intraday bias remains neutral till the time pair holds key resistance at 1.0802 mark.
- A sustained close above 1.0789 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 1.0789 will take the parity down towards key supports around 1.0740/1.0654/1.0550/1.0443 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Australia Feb NAB business conditions increase to 21 vs previous 19.
- Australia Feb NAB business confidence decrease to 9 vs previous 12.
- Australia Jan housing finance increase to -1.1 % (forecast -1 %) vs previous -2.3 %.
- Australia's S&P/ASX 200 index down 0.03 pct at 5,994.20 points in early trade.
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