FxWirePro: Aussie rises against major peers after manufacturing PMI, services PMI data
Tuesday, March 24, 2020 2:14 AM UTC
- AUD/NZD is currently trading around 1.0240 marks.
- Pair made intraday high at 1.0256 and low at 1.0197 marks.
- Intraday bias remains slightly bullish for the moment.
- A sustained close above 1.0197 will drag the parity higher towards key resistances around 1.0256, 1.0341, 1.0532, 1.06, 1.0654 and 1.0743 mark respectively.
- Alternatively, a daily close below 1.0052 will drag the parity lower towards key supports around 1.0020/0.9950/0.9824/0.97 marks respectively.
- Australia’s manufacturing PMI stands at 50.1 vs 50.2 previous release.
- Australia’s services PMI stands at 39.8 pct vs 49.0 pct previous release.
- Australia’s S&P/ASX 200 was trading 2.82 pct higher at 4,674.40 points.