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Aussie trades marginally higher on robust National Australia Bank business confidence data

Aussie trades marginally higher on robust National Australia Bank business confidence data

 

  • AUD/NZD is currently trading around 1.0832 marks.
  • Pair made intraday high at 1.0834 and low at 1.0812 marks.
  • Intraday bias remains slightly bullish till the time pair holds key support at 1.0747 mark.
  • A sustained close above 1.0819 will drag the parity higher towards key resistances at 1.0870/1.0945/1.1072/1.1113/1.1163/1.1238/1.1289/1.1384 levels respectively.
  • Alternatively, a daily close below 1.0819 will take the parity down towards key supports around 1.0747, 1.0693 and 1.0648 marks respectively.
  • Australia Jan NAB business conditions increase to 19 vs previous 13.
  • Australia Jan NAB business confidence increase to 12 vs previous 11.
  • Australia’s S&P/ASX 200 index up 0.40 pct at 5,844.00 points in early trade.

Source: FXWire Technicals

 

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