FxWirePro: Aussie trades marginally higher despite lower than expected wage price index data
Wednesday, February 20, 2019 1:50 AM UTC
- AUD/NZD is currently trading around 1.0422 marks.
- Pair made intraday high at 1.0425 and low at 1.0400 marks.
- Intraday bias remains neutral till the time pair holds key resistance around 1.0432 mark.
- A sustained close above 1.0432 will drag the parity higher towards key resistances around 1.0540/1.0570/1.0590/1.0634/1.0712 levels respectively.
- Alternatively, a daily close below 1.0390 will take the parity down towards key supports around 1.0365/1.0333/1.0237 marks respectively.
- Australia Q4 2018 wage price index yy stays flat at 2.3 % (forecast 2.3 %) vs previous 2.3 %.
- Australia Q4 2018 wage price index qq decrease to 0.5 % (forecast 0.6 %) vs previous 0.6 %.
- Australia's S&P/ASX 200 index up 0.06 pct at 6,110.80 points in early trade.