FxWirePro: Aussie rises in early Asia after mixed economic data
Thursday, February 28, 2019 2:33 AM UTC
- AUD/NZD is currently trading around 1.0435 marks.
- Pair made intraday high at 1.0460 and low at 1.0412 marks.
- Intraday bias remains bullish till the time pair holds key support around 1.0390 mark.
- A sustained close above 1.0447 will drag the parity higher towards key resistances around 1.0488/1.0540/1.0570/1.0590/1.0634 levels respectively.
- Alternatively, a daily close below 1.0390 will take the parity down towards key supports around 1.0365/1.0333/1.0237/1.0192 marks respectively.
- Australia's S&P/ASX 200 index up 0.08 pct at 6,155.10 points in early trade.
- Australia Q4 2018 capital expenditure increase to 2 % (forecast 0.5 %) vs previous -0.5 %.
- Australia Jan 2019 private sector credit stays flat at 0.2 % vs previous 0.2 %.
- Australia Jan 2019 housing credit decrease to 0.2 % vs previous 0.3 %.
- Australia Q4 2018 plant/machinery capex decrease to 0.7 % vs previous 2.2 %.