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FxWirePro: Aussie falls against major peers on the back of lower than expected CPI data

  • AUD/NZD is currently trading around 1.0432 marks.
     
  • Pair made intraday high at 1.0470 and low at 1.0424 marks.
     
  • Intraday bias remains bearish till the time pair holds immediate resistance at 1.0492 marks.  
     
  • A consistent close below 1.0457 will take the parity down towards key supports around 1.0420, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
     
  • On the other side, a sustained close above 1.0457 will drag the parity higher towards key resistances at 1.0492/1.0532/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
     
  • Australia’s Q4 RBA trimmed mean CPI Q/Q stays flat at 0.4 % (forecast 0.5 %) vs previous 0.4 %.
     
  • Australia’s Q4 CPI Q/Q decreases to 0.5 % (forecast 0.7 %) vs previous 0.7 %.
     
  • Australia’s Q4 CPI Y/Y increases to 1.5 % (forecast 1.6 %) vs previous 1.3 %.
     
  • Australia’s Q4 CPI index number increase to 110.0 vs previous 109.4.
  • Market Data
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