FxWirePro: Aussie depreciates against major peers after RBA’s financial stability review
Friday, April 12, 2019 1:59 AM UTC
- 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.