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AUD and NZD remain heavy - Westpac

FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation noted that AUD and NZD remained heavy after the China trade data shock.

Key Quotes:

"AUD/USD extended its local session decline to 0.7553 early London and then mostly bumped around 0.7560-95."

"On the day, resistance should be found at 0.7615/25, with support at 0.7535. NZD/USD similarly fell further to 0.7422 then wandered either side of 0.7440."

"AUD/NZD remained rangebound within roughly 1.0160 and 1.0200."

Australia NAB survey: Modest improvement expected - ANZ

ANZ expects a modest improvement in business confidence and conditions in the March Australian NAB survey.
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