• AUD/NZD is currently trading around 1.0701 marks.
   
• Pair made intraday high at 1.0708 and low at 1.0691 marks.
   
• Intraday bias remains neutral till the time pair holds key resistance at 1.0754 levels.
   
• In addition, a sustained close above 1.0727 will drag the parity higher towards 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
   
• Alternatively, reversal from key resistance will take the parity down towards key supports around 1.0655, 1.0497, 1.0450, 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.
   
• Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.
   
• Australia’s August consumer sentiment increase to 2% vs previous -3% m/m.
   
• Australia will release home loans data at 0130 GMT.
   
• In addition, at 0300 GMT RBA’s governor Stevens is due to speak at the Anika Foundation Luncheon, in Sydney.