Technicals

Add as a preferred source on Google

FxWirePro: Aussie trades marginally lower against Kiwi as AIG services index misses expectations

AUD/NZD is currently trading around 1.0931 marks. Pair made intraday high at 1.0957 and low at 1.0927 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0942 mark. A sustained clos…

1 min read
FxWirePro: Aussie trades marginally lower against Kiwi as AIG services index misses expectations
Image from the original EconoTimes article

Read the original article

  • AUD/NZD is currently trading around 1.0931 marks.
     
  • Pair made intraday high at 1.0957 and low at 1.0927 marks.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0942 mark.
     
  • A sustained close above 1.0942 will drag the parity higher towards key resistances at 1.0986/1.1045/1.1178/1.1224/1.1301/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.0942 will take the parity down towards key supports around 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 AIG services index decrease to 52.1 vs previous 53.
     
  • New Zealand commodity price index +0.8 pct in September.
     
  • New Zealand September s/adjusted job adverts +0.4 pct on previous month.
     
  • Australia's S&P/ASX 200 index down 0.44 pct at 5,676.10 points in early trade.

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

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560