FxWirePro: Aussie trades marginally lower as trade balance data misses expectations
AUD/NZD is currently trading around 1.0709 marks. Pair made intraday high at 1.0746 and low at 1.0708 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0754 marks. A daily close b…
Pair made intraday high at 1.0746 and low at 1.0708 marks.
Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0754 marks.
A daily close below 1.0722 will take the parity down towards key supports around 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
On the other side, a sustained close above 1.0754 will drag the parity higher towards key resistances at 1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.
Australia June trade balance G&S (A$) decrease to 856 mln aud (forecast 1800 mln aud) vs previous 2024 mln aud (revised from 2471 mln aud).
Australia June goods/services exports decrease to -1 % vs previous 9.0 %.
Australia June goods/services imports increase to 2 % vs previous 1.0 %.
Australia AIG performance of services index rose 1.6 points to 56.4 in July.
