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FxWirePro: Aussie marginally higher against major peers after Australia’s wage price index data

Wednesday, February 22, 2017 1:19 AM UTC

AUD/NZD is currently trading around 1.0720 marks.
Pair made intraday high at 1.0724 and low at 1.0709 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0679 marks.
A daily close below 1.0715 will take the parity down towards key supports around 1.0648, 1.0594, 1.0552, 1.0516, 1.0460, 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0715 will drag the parity higher towards key resistances at 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
Australia’s Q4 wage price index q/q increase to 0.5 % (forecast 0.5 %) vs previous 0.4 %.
Australia’s Q4 construction work done increase to -0.2 % (forecast 0.3 %) vs previous -4.9 %.
Australia’s Q4 wage price index yy stays flat at 1.9 % (forecast 1.9 %) vs previous 1.9 %.
Australia’s Q4 construction work done increase to -0.2 % (forecast 0.3 %) vs previous -4.4 % (revised from -4.9 %).

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FxWirePro: Aussie marginally higher against major peers after Australia’s wage price index data

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