FxWirePro: Aussie gains against major peers on robust consumer sentiment index
Wednesday, October 12, 2016 1:39 AM UTC
- AUD/NZD is currently trading around 1.0703 marks.
- Pair made intraday high at 1.0707 and low at 1.0672 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 1.0581 marks.
- A sustained close above 1.07 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 1.0648 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 October consumer sentiment increase to 1.1 % vs previous 0.3 %.