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- AUD/NZD is currently trading around 1.0662 marks.
- Pair made intraday high at 1.0665 and low at 1.0624 marks.
- Intraday bias remains slightly bullish till the time pair holds key support at 1.0600 mark.
- A sustained close above 1.0638 will drag the parity higher towards key resistances at 1.0699/1.0802/1.0945/1.1072 levels respectively.
- Alternatively, a daily close below 1.0638 will take the parity down towards key supports around 1.0572/1.0506/1.0443/1.0380/1.0305 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- Australia Q1 RBA trimmed mean CPI qq increase to 0.5 % (forecast 0.5 %) vs previous 0.4 %.
- Australia Q1 CPI qq decrease to 0.4 % (forecast 0.5 %) vs previous 0.6 %.
- Australia Q1 RBA weightd mean CPI qq increase to 0.5 % (forecast 0.5 %) vs previous 0.4 %.
- Australia Q1 CPI index number increase to 112.6 vs previous 112.1.
- Australia's S&P/ASX 200 index up 0.18 pct at 5,896.40 points in early trade.
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