FxWirePro: Aussie trades marginally lower after current account data, RBA’s cash rate decision in focus
Tuesday, December 4, 2018 1:44 AM UTC
- AUD/NZD is currently trading around 1.0602 marks.
- Pair made intraday high at 1.0624 and low at 1.0601 marks.
- Intraday bias remains neutral till the time pair holds key support at 1.0572 mark.
- A sustained close above 1.0619 will drag the parity higher towards key resistances around 1.0696/1.0749/1.0798/1.0877/1.0955/1.1002/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
- Alternatively, a daily close below 1.0619 will take the parity down towards key supports around 1.0572/1.0502/1.0432 marks respectively.
- Australia Q3 2018 current account balance sa increase to -10.7 aud (forecast -10.2 aud) vs previous -12.1 aud (revised from -13.5 aud).
- Australia's S&P/ASX 200 index down 0.35 pct at 5,750.90 points in early trade.
- RBA will release cash rate decision at 0330 GMT.