- 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.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
