FxWirePro: Aussie falls against major peers after RBA’s meeting minutes
Tuesday, August 16, 2016 2:35 AM UTC
- 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 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.