FxWirePro: Aussie trades marginally lower against major peers as trade balance data misses expectations
AUD/NZD is currently trading around 1.0511 marks. Pair made intraday high at 1.0532 and low at 1.0510 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0550 mark. A sustained close above 1…
Pair made intraday high at 1.0532 and low at 1.0510 marks.
Intraday bias remains bearish till the time pair holds key resistance at 1.0550 mark.
A sustained close above 1.0530 will drag the parity higher towards key resistances around 1.0550, 1.0630, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
Alternatively, a daily close below 1.0530 will take the parity down towards key supports around 1.0422/1.0336/1.0275/1.0237/1.0192 marks respectively.
Australia April 2019 trade balance G&S (A$) decrease to 4871 Aud (forecast 5100 aud) vs previous 4949 Aud.
