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FxWirePro: Aussie trades marginally lower after trade balance data

AUD/NZD is currently trading around 1.0967 marks. Pair made intraday high at 1.1003 and low at 1.0958 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.1035 mark. A sustained close above 1…

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FxWirePro: Aussie trades marginally lower after trade balance data
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  • AUD/NZD is currently trading around 1.0967 marks.
     
  • Pair made intraday high at 1.1003 and low at 1.0958 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.1035 mark.
     
  • A sustained close above 1.0986 will drag the parity higher towards key resistances at 1.1035/1.1113/1.1163/1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.0986 will take the parity down towards key supports around 1.0948, 1.0873, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • Australia Oct 2017 trade balance G&S (A$) decrease to 105 aud (forecast 1375 aud) vs previous 1745 aud.
     
  • Australia Nov 2017 AIG construction index increase to 57.5 index vs previous 53.2 index.
     
  • Australia's S&P/ASX 200 index up 0.10 pct at 5,951.60 points in early trade.

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