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FxWirePro: Aussie trades marginally lower as AIG manufacturing index, capital expenditure data miss expectations

AUD/NZD is currently trading around 1.0755 marks. Pair made intraday high at 1.0776 and low at 1.0743 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0826 mark. A sustained clos…

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FxWirePro: Aussie trades marginally lower as AIG manufacturing index, capital expenditure data miss expectations
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  • AUD/NZD is currently trading around 1.0755 marks.
     
  • Pair made intraday high at 1.0776 and low at 1.0743 marks.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0826 mark.
     
  • A sustained close above 1.0760 will drag the parity higher towards key resistances at 1.0826/1.0945/1.1072/1.1113/1.1163/1.1238 levels respectively.
     
  • Alternatively, a daily close below 1.0760 will take the parity down towards key supports around 1.0715/1.0654/1.0550/1.0443 marks respectively.
     
  • Australia Q4 capital expenditure decrease to -0.2 % (forecast 0.9 %) vs previous 1 %.
     
  • Australia Feb AIG manufacturing index decrease to 57.5 vs previous 58.7.

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