FxWirePro: Aussie trades almost flat against major peers despite robust trade balance data
AUD/NZD is currently trading around 1.0812 marks. Pair made intraday high at 1.0814 and low at 1.0802 marks. Intraday bias remains neutral till the time pair holds key support at 1.0808 marks. A sustained close above 1.0…
Pair made intraday high at 1.0814 and low at 1.0802 marks.
Intraday bias remains neutral till the time pair holds key support at 1.0808 marks.
A sustained close above 1.0808 will drag the parity higher towards key resistances around 1.0882, 1.0951 and 1.1145 levels respectively.
Alternatively, a daily close below 1.0808 will take the parity down towards key supports around 1.0750/1.0670/1.0560/1.0518/1.0407/1.0339 marks respectively.
Australia’s S&P/ASX200 was trading around 0.67 pct higher at 6,704.40 points.
Aussie’s trade balance stands at 7.18B vs 6.62B previous release (expected 5.10B).
