FxWirePro: Aussie trades almost flat against kiwi after mixed economic data
AUD/NZD is currently trading around 1.0717 marks. Pair made intraday high at 1.0753 and low at 1.0717 marks. Intraday bias remains neutral till the time pair holds key support at 1.0698 mark. A sustained close above 1.07…
Pair made intraday high at 1.0753 and low at 1.0717 marks.
Intraday bias remains neutral till the time pair holds key support at 1.0698 mark.
A sustained close above 1.0726 will drag the parity higher towards key resistances at 1.0770/1.0840/1.0945/1.1072/1.1113/1.1163/1.1238 levels respectively.
Alternatively, a daily close below 1.0726 will take the parity down towards key supports around 1.0698/1.0648/1.0550/1.0443 marks respectively.
Australia Q4 wage price index q/q increase to 0.6 % (forecast 0.5 %) vs previous 0.5 %.
Australia Q4 wage price index y/y increase to 2.1 % (forecast 2 %) vs previous 2 %.
Australia Q4 construction work done decrease to -19.4 % (forecast -10 %) vs previous 15.7 %.
Australia's S&P/ASX 200 index down 0.26 pct at 5,925.70 points in early trade.
