Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Aussie gains against major peers after RBA’s meeting minutes

  • AUD/NZD is currently trading around 1.0473 marks.
     
  • Pair made intraday high at 1.0475 and low at 1.0447 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0439 marks.   
     
  • A consistent close below 1.0439 will take the parity down towards key supports around 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
     
  • On the other side, a sustained close above 1.0494 will drag the parity higher towards key resistances at 1.0532/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
     
  • RBA board balancing benefits of low rates against risks to household debt from further easing.
     
  • RBA minutes: A rising A$ could complicate economic transition, noted it had recently fallen against U.S. dollar.
     
  • RBA minutes: Considerable uncertainty about momentum in labour market still saw excess capacity.
     
  • RBA minutes: Inflation expected to stay low for some time before rising to more normal levels.
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.