FxWirePro: AUD/NZD hits fresh 2-month high at 1.0680, faces strong resistance at 1.0739
Tuesday, October 11, 2016 1:58 AM UTC
- AUD/NZD is currently trading around 1.0665 marks.
- Pair made intraday high at 1.0680 and low at 1.0649 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 1.0562 marks.
- A sustained close above 1.0680 will drag the parity higher towards key resistances at 1.0739/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
- Alternatively, a consistent break below 1.0618 will take the parity towards key supports around 1.0509, 1.0472, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
- Australia’s September NAB business conditions increases to 8 vs previous 7.
- Australia’s September NAB business confidence stays flat at 6 vs previous 6.
- Australia’s August housing finance increases to -3 % (forecast -2.5 %) vs previous -4.2 %.
- Australia’s August invest housing finance decreases to 0.1 % vs previous 0.5 %.