FxWirePro: Aussie gains against major peers after RBA’s meeting minutes
Tuesday, December 20, 2016 1:11 AM UTC
- 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.