FxWirePro: Aussie trades marginally lower despite robust export – import price index data
AUD/NZD is currently trading around 1.0340 marks. Pair made intraday high at 1.0347and low at 1.0332 marks. Intraday bias remains neutral till the time pair holds key resistance at 1.0347 marks. A sustained close above 1…
Pair made intraday high at 1.0347and low at 1.0332 marks.
Intraday bias remains neutral till the time pair holds key resistance at 1.0347 marks.
A sustained close above 1.0347 will drag the parity higher towards key resistances around 1.0386, 1.0455, 1.0526, 1.06, 1.0654 and 1.0743 mark respectively.
Alternatively, a daily close below 1.0322 will take the parity down towards key supports around 1.0264/1.0222/1.0178 marks respectively.
Australia’s export price index stands at -5.2 pct vs 1.3 pct previous release (expected -5.4).
Australia’s import price index data stands at 0.7 pct vs 0.4 pct previous release (expected 0.0).
Australia’s S&P/ASX 200 was trading 0.23 pct lower at 7,015.22 points.
