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FxWirePro: Aussie rises against kiwi despite lower than expected building approvals data

  • AUD/NZD is currently trading around 1.0798 marks.
     
  • Pair made intraday high at 1.0798 and low at 1.0776 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0740 mark.
     
  • A sustained close above 1.0776 will drag the parity higher towards key resistances around 1.0820, 1.0856, 1.0882 and 1.0951 levels respectively.
     
  • Alternatively, a daily close below 1.0776 will take the parity down towards key supports around 1.0709/1.0640/1.0560/1.0518/1.0407/1.0339 marks respectively.
     
  • Aussie building approvals m/m stands at -1.1 pct vs -9.7 pct previous release (expected 2.1 pct).
     
  • Kiwi business confidence stands at -40 pct vs -34 previous released.
  • Market Data
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