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FxWirePro: Aussie trades marginally higher against major peers on robust AIG construction index, RBA’s cash rate decision in focus

Tuesday, August 7, 2018 1:26 AM UTC

AUD/NZD is currently trading around 1.0978 marks.
Pair made intraday high at 1.0980 and low at 1.0968 marks.
Intraday bias remains neutral till the time pair holds key resistance at 1.0992 mark.
A sustained close above 1.0986 will drag the parity higher towards key resistances at 1.1072/1.1122/1.1180 levels respectively.
Alternatively, a daily close below 1.0970 will take the parity down towards key supports around 1.0922/1.0844/1.0782/1.0658/1.0572/1.0502 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Australia July 2018 AIG construction index increase to 52 vs previous 50.6.
Australia's S&P/ASX 200 index down 0.17 pct at 6,262.10 points in early trade.
RBA will release cash rate decision at 0430 GMT.

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FxWirePro: Aussie trades marginally higher against major peers on robust AIG construction index, RBA’s cash rate decision in focus

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