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FxWirePro: Aussie trades marginally lower as house price index, business confidence data miss expectations

  • AUD/NZD is currently trading around 1.0876 marks.
     
  • Pair made intraday high at 1.0903 and low at 1.0875 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 1.0863 mark.
     
  • A sustained close above 1.0888 will drag the parity higher towards key resistances at 1.0984/1.1035/1.1113/1.1163/1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.0888 will take the parity down towards key supports around 1.0830, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • Australia Nov 2017 NAB business conditions decrease to 12 balance vs previous 21 balance.
     
  • Australia Nov 2017 NAB business confidence decrease to 6 balance vs previous 8 balance.
     
  • Australia Q3 2017 home price index decrease to -0.2 percent (forecast 0.5 percent) vs previous 1.9 percent.
     
  • Australia's S&P/ASX 200 index up 0.23 pct at 6,012.30 points in early trade.

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