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FxWirePro: Aussie trades marginally higher on robust NAB business confidence data

AUD/NZD is currently trading around 1.0997 marks. Pair made intraday high at 1.0998 and low at 1.0970 marks. Intraday bias remains bullish till the time pair holds key support at 1.0946 mark. A sustained close above 1.09…

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FxWirePro: Aussie trades marginally higher on robust NAB business confidence data
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  • AUD/NZD is currently trading around 1.0997 marks.
     
  • Pair made intraday high at 1.0998 and low at 1.0970 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0946 mark.
     
  • A sustained close above 1.0970 will drag the parity higher towards key resistances at 1.1045/1.1178/1.1224/1.1301/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.0970 will take the parity down towards key supports around 1.0946, 1.0910, 1.0873, 1.0798, 1.0737, 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
     
  • Australia Sep NAB business conditions stay flat at 14 vs previous 14 (revised from 15).
     
  • Australia Sep NAB business confidence increase to 7 vs previous 5.

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