FxWirePro: Aussie falls against major peers as CPI data fails to meet expectations
Wednesday, July 25, 2018 2:15 AM UTC
- AUD/NZD is currently trading around 1.0908 marks.
- Pair made intraday high at 1.0936 and low at 1.0899 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 1.0952 mark.
- A sustained close above 1.0905 will drag the parity higher towards key resistances at 1.0952/1.1020/1.1072/1.1122/1.1180 levels respectively.
- Alternatively, a daily close below 1.0905 will take the parity down towards key supports around 1.0851/1.0782/1.0658/1.0572/1.0502 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Australia Q2 2018 CPI Q/Q stays flat at 0.4 (forecast 0.5, previous 0.4).
- Australia Q2 2018 RBA trimmed mean CPI q/q releases at 0.5 (forecast 0.5, previous 0.5).
- Australia Q2 2018 CPI index number increases to 113 (previous 112.60).