FxWirePro: Aussie depreciates against major peers as CPI data misses expectations
AUD/NZD is currently trading around 1.0623 marks. Pair made intraday high at 1.0671 and low at 1.0621 marks. Intraday bias remains bearish for the moment. A sustained close above 1.0695 will drag the parity higher toward…
Pair made intraday high at 1.0671 and low at 1.0621 marks.
Intraday bias remains bearish for the moment.
A sustained close above 1.0695 will drag the parity higher towards key resistances around 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
Alternatively, a daily close below 1.0668 will take the parity down towards key supports around 1.0580/1.0532/1.0449/1.0364/1.0275/1.0237/1.0192 marks respectively.
Australia's S&P/ASX 200 index up 0.57 pct at 6,355.40 points in early trade.
Australia Q1 2019 RBA trimmed mean CPI qq decrease to 0.3 % (forecast 0.4 %) vs previous 0.4 %.
