FxWirePro: Aussie depreciates against major peers after RBA’s financial stability review
AUD/NZD is currently trading around 1.0585 marks. Pair made intraday high at 1.0605 and low at 1.0579 marks. Intraday bias remains neutral till the time pair holds key resistance at 1.0612 mark. A sustained close above 1…
Pair made intraday high at 1.0605 and low at 1.0579 marks.
Intraday bias remains neutral till the time pair holds key resistance at 1.0612 mark.
A sustained close above 1.0585 will drag the parity higher towards key resistances around 1.0634, 1.0696 and 1.0758 levels respectively.
Alternatively, a daily close below 1.0585 will take the parity down towards key supports around 1.0532/1.0449/1.0364/1.0275/1.0237/1.0192 marks respectively.
RBA Fin stability review - Risks in the household sector have increased, consumption outlook uncertain.
RBA - Risks from housing would increase should unemployment rise.
RBA - In stress tests banks can weather double-digit unemployment, house price falls over 30 pct.
Australia's S&P/ASX 200 index up 0.53 pct at 6,231.30 points in early trade.
