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FxWirePro: Aussie trades almost flat after mixed economic data

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…

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FxWirePro: Aussie trades almost flat after mixed economic data
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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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