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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 1.0347 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.
  • Market Data
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