FxWirePro: Aussie trades marginally lower as AIG construction index data misses expectations
Friday, December 7, 2018 1:41 AM UTC
- AUD/NZD is currently trading around 1.0504 marks.
- Pair made intraday high at 1.0519 and low at 1.0502 marks.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0543 mark.
- A sustained close above 1.0518 will drag the parity higher towards key resistances around 1.0596/1.0648/1.0712/1.0877/1.0955 levels respectively.
- Alternatively, a daily close below 1.0518 will take the parity down towards key supports around 1.0488/1.0432/1.0333/1.0237 marks respectively.
- Australia’s S&P/ASX200 was trading 0.60 pct higher at 5,691.22 points.
- Australia Nov 2018 AIG construction index decrease to 44.5 vs previous 46.4.