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FxWirePro: Aussie falls against major peers after CPI, new home sales data

AUD/NZD is currently trading around 1.0788 marks. Pair made intraday high at 1.0800 and low at 1.0784 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0800 marks. A sustained clo…

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FxWirePro: Aussie falls against major peers after CPI, new home sales data
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  • AUD/NZD is currently trading around 1.0788 marks.
     
  • Pair made intraday high at 1.0800 and low at 1.0784 marks.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0800 marks.
     
  • A sustained close above 1.0799 will drag the parity higher towards key resistances around 1.0820, 1.0882 and 1.0951 levels respectively.
     
  • Alternatively, a daily close below 1.0799 will take the parity down towards key supports around 1.0670/1.0560/1.0518/1.0407/1.0339 marks respectively.
     
  • Australia’s new home sales m/m stands at 5.7 vs 7.3 previous released.
     
  • Australia’s CPI stands at 0.5 vs 0.6 previous released (expected 0.5).
     
  • Australia’s Trimmed mean CPI stands at 0.4 vs 0.4 previous released (expected 0.4).
     
  • Australia’s S&P/ASX200 was trading around 0.58 pct lower at 6,705.60 points.

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