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FxWirePro: Aussie trades marginally higher on favourable consumer sentiment index

AUD/NZD is currently trading around 1.0904 marks. Pair made intraday high at 1.0905 and low at 1.0884 marks. Intraday bias remains bullish till the time pair holds key support at 1.0860 mark. A sustained close above 1.08…

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FxWirePro: Aussie trades marginally higher on favourable consumer sentiment index
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  • AUD/NZD is currently trading around 1.0904 marks.
     
  • Pair made intraday high at 1.0905 and low at 1.0884 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0860 mark.
     
  • A sustained close above 1.0895 will drag the parity higher towards key resistances at 1.0949/1.0984/1.1035/1.1113/1.1163/1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.0895 will take the parity down towards key supports around 1.0830, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • Australia Dec 2017 consumer sentiment increase to 3.6 % vs previous -1.7 %.
     
  • Australia’s S&P/ASX 200 was trading 0.03 pct higher at 6,015.50 points.

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