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FxWirePro: Aussie depreciates against major peers after RBA’s monetary policy statements

Friday, February 8, 2019 2:32 AM UTC

AUD/NZD is currently trading around 1.0487 marks.
Pair made intraday high at 1.0534 and low at 1.0483 marks.
Intraday bias remains bearish till the time pair holds key resistance around 1.0540 mark.
A sustained close above 1.0520 will drag the parity higher towards key resistances around 1.0540/1.0570/1.0590/1.0634/1.0712 levels respectively.
Alternatively, a daily close below 1.0463 will take the parity down towards key supports around 1.0432/1.0365/1.0333/1.0237 marks respectively.
RBA - Probability of rate rise or cut more evenly balanced than previously.
RBA - Board does not see strong case to move rates in the near term.
RBA cuts GDP forecasts, sees 2.8 pct y/y Dec 2018, 3.0 pct Dec 2019, 2.7 pct Dec 2020, 2.7 pct June 2021.
RBA sees unemployment at 5.0 pct Dec 2019, 4.9 pct Dec 2020, 4.8 pct June 2021.

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FxWirePro: Aussie depreciates against major peers after RBA’s monetary policy statements

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