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- AUD/NZD is currently trading around 1.0866 marks.
- Pair made intraday high at 1.0886 and low at 1.0862 marks.
- Intraday bias remains neutral till the time pair holds immediate resistance at 1.0890 mark.
- A sustained close above 1.0874 will drag the parity higher towards key resistances at 1.0890/1.0927/1.0998/1.1072/1.1122 levels respectively.
- Alternatively, a daily close below 1.0874 will take the parity down towards key supports around 1.0826/1.0776/1.0736/1.0620/1.0572 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Australia May AIG services index increase to 59 vs previous 55.2.
- Australia's S&P/ASX 200 index down 0.49 pct at 5,995.70 points in early trade.
- RBA will release cash rate decision at 0430 GMT.
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