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FxWirePro: Aussie appreciates against major peers on robust NAB business confidence data

  • AUD/NZD is currently trading around 1.0772 marks.
     
  • Pair made intraday high at 1.0777 and low at 1.0738 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0693 marks.  
     
  • A daily close below 1.0747 will take the parity down towards key supports around 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
     
  • On the other side, a sustained close above 1.0747 will drag the parity higher towards key resistances at 1.0845/1.0912/1.0966/1.1062/1.1148 levels respectively.
     
  • Australia July NAB business confidence increase to 12 vs previous 9.
     
  • Australia July NAB business condition stays flat at 15 vs previous 15.

     

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