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FxWirePro: Aussie trades almost flat against major peers after Westpac consumer sentiment index

AUD/NZD is currently trading around 1.0541 marks. Pair made intraday high at 1.0544 and low at 1.0527 marks. Intraday bias remains neutral till the time pair holds key support at 1.0500 mark. A sustained close above 1.05…

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FxWirePro: Aussie trades almost flat against major peers after Westpac consumer sentiment index
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  • AUD/NZD is currently trading around 1.0541 marks.
     
  • Pair made intraday high at 1.0544 and low at 1.0527 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 1.0500 mark.
     
  • A sustained close above 1.0537 will drag the parity higher towards key resistances at 1.0560/1.0597/1.0652/1.0705/1.0802/1.0945/1.1072 levels respectively.
     
  • Alternatively, a daily close below 1.0537 will take the parity down towards key supports around 1.0504/1.0443/1.0380/1.0305 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • Australia April consumer sentiment decrease to -0.6 % vs previous 0.2 %.
     
  • Australia's S&P/ASX 200 index down 0.41 pct at 5,833.00 points in early trade.

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