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FxWirePro: Aussie trades almost flat against kiwi after mixed economic data

  • AUD/NZD is currently trading around 1.0717 marks.
     
  • Pair made intraday high at 1.0753 and low at 1.0717 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 1.0698 mark.
     
  • A sustained close above 1.0726 will drag the parity higher towards key resistances at 1.0770/1.0840/1.0945/1.1072/1.1113/1.1163/1.1238 levels respectively.
     
  • Alternatively, a daily close below 1.0726 will take the parity down towards key supports around 1.0698/1.0648/1.0550/1.0443 marks respectively.
     
  • Australia Q4 wage price index q/q increase to 0.6 % (forecast 0.5 %) vs previous 0.5 %.
     
  • Australia Q4 wage price index y/y increase to 2.1 % (forecast 2 %) vs previous 2 %.
     
  • Australia Q4 construction work done decrease to -19.4 % (forecast -10 %) vs previous 15.7 %.
     
  • Australia's S&P/ASX 200 index down 0.26 pct at 5,925.70 points in early trade.

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