FxWirePro: Aussie trades almost flat against major peers despite higher than expected trade balance data
Thursday, March 5, 2020 1:46 AM UTC
- AUD/NZD is currently trading around 1.0520 marks.
- Pair made intraday high at 1.0529 and low at 1.0506 marks.
- Intraday bias remains neutral for the moment.
- A sustained close above 1.0520 will drag the parity higher towards key resistances around 1.0532, 1.06, 1.0654 and 1.0743 mark respectively.
- Alternatively, a daily close below 1.0489 will take the parity down towards key supports around 1.0397/1.0349/1.0264/1.0222/1.0178 marks respectively.
- Australia’s trade balance stands at 5.21B vs 5.38B previous release (expected 4.80B).
- Australia’s S&P/ASX 200 was trading 1.44 pct higher at 6,416.40 points.