FxWirePro: Aussie trades almost flat against major peers after mixed economic data
AUD/NZD is currently trading around 1.1041 marks. Pair made intraday high at 1.1058 and low at 1.1039 marks. Intraday bias remains neutral for the moment. A sustained close above 1.1048 will drag the parity higher toward…
Pair made intraday high at 1.1058 and low at 1.1039 marks.
Intraday bias remains neutral for the moment.
A sustained close above 1.1048 will drag the parity higher towards key resistances at 1.1082/1.1175/1.1268/1.1422/1.1526 levels respectively.
Alternatively, a daily close below 1.1048 will take the parity down towards key supports around 1.0952/1.0844/1.0782/1.0658/1.0572/1.0502 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
Australia July 2018 NAB business confidence increase to 7 balance vs previous 6 balance.
Australia July 2018 NAB business conditions decrease to 12 balance vs previous 15 balance.
Australia's S&P/ASX 200 index up 0.31 pct at 6,271.40 points in early trade.
