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

AUD/NZD is currently trading around 1.0504 marks. Pair made intraday high at 1.0519 and low at 1.0502 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0543 mark. A sustained clos…

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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 1.0504 marks.
     
  • Pair made intraday high at 1.0519 and low at 1.0502 marks.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0543 mark.
     
  • A sustained close above 1.0518 will drag the parity higher towards key resistances around 1.0596/1.0648/1.0712/1.0877/1.0955 levels respectively.
     
  • Alternatively, a daily close below 1.0518 will take the parity down towards key supports around 1.0488/1.0432/1.0333/1.0237  marks respectively.
     
  • Australia’s S&P/ASX200 was trading 0.60 pct higher at 5,691.22 points.
     
  • Australia Nov 2018 AIG construction index decrease to 44.5 vs previous 46.4.

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