FxWirePro: Aussie trades marginally lower against major peers as AIG manufacturing index, PPI data miss expectations
AUD/NZD is currently trading around 1.0614 marks. Pair made intraday high at 1.0634 and low at 1.0608 marks. Intraday bias remains slightly bearish for the moment. A sustained close above 1.0623 will drag the parity high…
Pair made intraday high at 1.0634 and low at 1.0608 marks.
Intraday bias remains slightly bearish for the moment.
A sustained close above 1.0623 will drag the parity higher towards key resistances around 1.0668, 1.07 and 1.0743 mark respectively.
Alternatively, a daily close below 1.0623 will drag the parity lower towards key supports around 1.0584/1.0540/1.0467/1.0405/1.0363/1.0315 marks respectively.
Australia’s AIG manufacturing index stands at 35.8 vs 53.7 previous release.
Australia’s PPI q/q stands at 0.2 vs 0.3 previous release.
Australia’s S&P/ASX200 was trading 4.06 pct lower at 5,298.30 points.
