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FxWirePro: Aussie depreciates against major peers after RBA’s financial stability review

  • AUD/NZD is currently trading around 1.0585 marks.
     
  • Pair made intraday high at 1.0605 and low at 1.0579 marks.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 1.0612 mark.
     
  • A sustained close above 1.0585 will drag the parity higher towards key resistances around 1.0634, 1.0696 and 1.0758 levels respectively.
     
  • Alternatively, a daily close below 1.0585 will take the parity down towards key supports around 1.0532/1.0449/1.0364/1.0275/1.0237/1.0192  marks respectively.
     
  • RBA Fin stability review - Risks in the household sector have increased, consumption outlook uncertain.
     
  • RBA - Risks from housing would increase should unemployment rise.
     
  • RBA - In stress tests banks can weather double-digit unemployment, house price falls over 30 pct.
     
  • Australia's S&P/ASX 200 index up 0.53 pct at 6,231.30 points in early trade.
  • Market Data
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