FxWirePro: Aussie falls against major peers after RBA’s monetary policy meeting minutes
AUD/NZD is currently trading around 1.0800 marks. Pair made intraday high at 1.0832 and low at 1.0786 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0846 marks. A daily close belo…
Pair made intraday high at 1.0832 and low at 1.0786 marks.
Intraday bias remains bearish till the time pair holds immediate resistance at 1.0846 marks.
A daily close below 1.0823 will take the parity down towards key supports around 1.0770, 1.0713, 1.0670, 1.0616, 1.0594, 1.0552, 1.0516, 1.0460, 1.0412 and 1.0370 marks respectively.
On the other side, a sustained close above 1.0823 will drag the parity higher towards key resistances at 1.0868/1.0904/1.0966/1.1062 (30D EMA)/1.1148 levels respectively.
RBA minutes - Judged steady rates consistent with growth and inflation targets.
RBA minutes - Labour market somewhat weaker than expected, keeping wage growth low.
RBA minutes - Household consumption growth little weaker than expected in early 2017.
RBA minutes – A rising in A$ would complicate economic adjustment.
RBA minutes saw rising risks in household debt, housing markets.
