- AUD/NZD is currently trading around 1.0552 marks.
- Pair made intraday high at 1.0562 and low at 1.0538 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 1.0597 mark.
- A sustained close above 1.0560 will drag the parity higher towards key resistances at 1.0652/1.0705/1.0802/1.0945/1.1072 levels respectively.
- Alternatively, a daily close below 1.0560 will take the parity down towards key supports around 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 Feb trade balance G&S (A$) decrease to 825 mln au (forecast 700 mln au) vs previous 1055 mln au.
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