MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
FxWirePro: USD/CAD attracts selling interest, vulnerable to more downside 
FxWirePro: EUR/AUD downside pressure builds, key support level in focus 
FxWirePro- Major European Indices 
GBPJPY Bulls Dominate: Holds Above 213 with Eyes on 215 Breakout 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
FxWirePro- Woodies Pivot(Major) 
Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September 
FxWirePro: USD/ZAR recovers slightly but bears are not done yet 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Major European Indices 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
FxWirePro: GBP/USD attracts selling interest, vulnerable to more downside 
NZDJPY Breaks 94: Bulls Charge as Kiwi Roars Back 
- The Aussie continued to add further gains and made new intraday high at $0.7218 levels.
- Pair is currently trading at $0.7207 levels, made intraday low at $0.7153 levels.
- On the other side, heavy USD sell-off across the board provided solid support for commodities.
- A daily close above $0.7214 is required to confirm the further bullish trend.
- On the top side resistance levels are seen at $0.7324 and $0.7385 levels.
- Alternatively, reversal from this level may drag the parity again below $0.7100 levels.
- Major support levels are seen at $0.7119 and $0.7050 levels.
- Tomorrow RBA will publish monetary policy statement and retail sales data. This will provide further direction to the parity.
We prefer to take long position in AUD/USD around $0.7150, stop loss $0.7050 and target $0.7325 levels.
