Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

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 1.0970 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.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.