• AUD/NZD is trading around 1.0448 marks.
   
• Pair made intraday high at 1.0468 and low at 1.0444 marks.
   
• Intraday bias remains bearish till the time pair holds initial support at 1.0455 marks.
   
• On the top side, a sustained close above 1.0547 will drag the parity higher towards 1.0647/1.0748/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.
   
• Alternatively, a daily close below 1.0455 will take the parity down towards key supports around 1.0408(June 9, 2016 low), 1.0362 and 1.0231 marks respectively.
   
• Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend in a daily chart.
   
• Today Australia released MI leading index with flat numbers at 0.2% m/m.
   
• On the other side, New Zealand released visitor arrivals data with positive numbers at 0.1% m/m vs -1.1% m/m previous release.
  
  We prefer to take short position in AUD/NZD around 1.0460, stop loss 1.0547 and target 1.0374 levels.