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 1.05…
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.
