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FxWirePro: Aussie trades marginally lower as AIG construction index data misses expectations

AUD/NZD is currently trading around 1.0962 marks. Pair made intraday high at 1.0978 and low at 1.0958 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0995 mark. A sustained close above 1…

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FxWirePro: Aussie trades marginally lower as AIG construction index data misses expectations
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  • AUD/NZD is currently trading around 1.0962 marks.
     
  • Pair made intraday high at 1.0978 and low at 1.0958 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0995 mark.
     
  • A sustained close above 1.0964 will drag the parity higher towards key resistances at 1.1050/1.1113/1.1163/1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.0964 will take the parity down towards key supports around 1.0910, 1.0830, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • Australia Dec AIG construction index decrease to 52.8 vs previous 57.5.
     
  • Australia's S&P/ASX 200 index up 0.31 pct at 6,141.00 points in early trade.

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