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FxWirePro: Aussie trades marginally higher against major peers on robust business confidence data

  • AUD/NZD is currently trading around 1.0540 marks.
     
  • Pair made intraday high at 1.0543 and low at 1.0524 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0500 mark.
     
  • A sustained close above 1.0534 will drag the parity higher towards key resistances around 1.0550, 1.0630, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
     
  • Alternatively, a daily close below 1.0504 will take the parity down towards key supports around 1.0422/1.0336/1.0275/1.0237/1.0192 marks respectively.
     
  • Australia May 2019 NAB business confidence increase to 7 balance.
     
  • Australia May 2019 NAB business conditions decrease to 1 balance vs previous 3 balance.
  • Market Data
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