FxWirePro: Aussie falls against major peers after RBA’s monetary policy meeting minutes
Tuesday, April 18, 2017 2:09 AM UTC
- 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 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.