FxWirePro: Aussie falls against major peers after RBA’s meeting minutes
AUD/NZD is currently trading around 1.0630 marks. Pair made intraday high at 1.0652 and low at 1.0611 marks. Intraday bias remains neutral for the moment. A sustained close above 1.0674 will drag the parity higher toward…
Pair made intraday high at 1.0652 and low at 1.0611 marks.
Intraday bias remains neutral for the moment.
A sustained close above 1.0674 will drag the parity higher towards 1.0709/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
Alternatively, reversal from key resistance will take the parity down towards key supports around 1.0611, 1.0528, 1.0497, 1.0450, 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend.
RBA minutes: Room for stronger economic growth given inflation to remain low for some time.
RBA minutes: Board saw diminished risks from housing debt, rising home prices.
RBA minutes: Rising a$ could complicate transition from mining boom.
RBA minutes: GDP growth likely to be more modest in Q2, after strong Q1.
RBA minutes: Forward indicators of jobs growth pointed to steady unemployment in coming months.
RBA minutes: Unemployment expected to dip only slowly to 5.5 pct by 2018, leave slack in market.
