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FxWirePro: Aussie trades marginally lower against major peers as NAB business confidence data misses expectations

  • AUD/NZD is currently trading around 1.0505 marks.
     
  • Pair made intraday high at 1.0527 and low at 1.0505 marks.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0528 mark.
     
  • A sustained close above 1.0524 will drag the parity higher towards key resistances around 1.0580, 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
     
  • Alternatively, a daily close below 1.0524 will take the parity down towards key supports around 1.0494/1.0458/1.0364/1.0275/1.0237/1.0192 marks respectively.
     
  • Australia June business confidence at 2 vs 7 previous release.
     
  • Australis June NAB business survey at 3 vs 1 previous release.
  • Market Data
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