FxWirePro: Aussie trades marginally higher against major peers on robust trade balance data
AUD/NZD is currently trading around 1.0338 marks. Pair made intraday high at 1.0340 and low at 1.0321 marks. Intraday bias remains bullish till the time pair holds key support at 1.0315 marks. A sustained close above 1.0…
Pair made intraday high at 1.0340 and low at 1.0321 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0315 marks.
A sustained close above 1.0340 will drag the parity higher towards key resistances around 1.0455, 1.0526, 1.06, 1.0654, 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
Alternatively, a daily close below 1.0326 will take the parity down towards key supports around 1.0264/1.0222/1.0178 marks respectively.
Australia’s trade balance stands at 5.80B vs 4.08B previous release (expected 4.10B).
Australia’s S&P/ASX 200 was trading 0.94 pct higher at 6,881.70 points.
