FxWirePro: Aussie falls noticeably against major peers after RBA’s comments
Wednesday, February 6, 2019 2:28 AM UTC
- AUD/NZD is currently trading around 1.0417 marks.
- Pair made intraday high at 1.0499 and low at 1.0413 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1.0500 mark.
- A sustained close above 1.0511 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 1.0466 will take the parity down towards key supports around 1.0432/1.0365/1.0333/1.0237 marks respectively.
- RBA's Lowe - If jobs and wages rising, will be appropriate to raise cash rate at some stage.
- RBA's Lowe - Probabilities on next rate move "appear to be more evenly balanced".
- RBA's Lowe - There are scenarios where the next move in rates is up, others where it is down.
- RBA's Lowe - Sees unemployment declining to around 4.75 pct over the next two years.
- RBA's Lowe - Global economy and china biggest downside risk to Australia.
- RBA's Lowe - Lower rates would lead to lower A$.