- AUD/NZD is trading around 1.0370 marks.
- Pair made intraday high at 1.0377 and low at 1.0351 marks.
- Intraday bias remains neutral for the moment.
- On the top side, a sustained close above 1.0450 will drag the parity higher towards 1.0538/1.0647/1.0748/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.
- Alternatively, a sustained break below 1.0315(May 05, 2015 low) will take the parity down towards key supports around 1.0261 and 1.0109 marks respectively.
- Australia’s May housing finance decrease to -1 % (forecast -2 %) vs previous 1.7 %.
- Australia’s May invest housing finance increase to 3.9 % vs previous -5 %.
We prefer to take long position in AUD/NZD around 1.0350, stop loss 1.0312 and target 1.0450 marks.
The material has been provided by InstaForex Company – www.instaforex.com