FxWirePro: Aussie falls against major peers as CPI data misses expectations
AUD/NZD is currently trading around 1.0643 marks. Pair made intraday high at 1.0702 and low at 1.0627 marks. Intraday bias remains bearish till the time pair holds key resistance 1.0700 marks. A daily close below 1.0700 …
Pair made intraday high at 1.0702 and low at 1.0627 marks.
Intraday bias remains bearish till the time pair holds key resistance 1.0700 marks.
A daily close below 1.0700 will take the parity down towards key supports around 1.0636, 1.0525, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
On the other side, a sustained close above 1.0700 will drag the parity higher towards key resistances at 1.0754/1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.
Australia Q2 CPI q/q decrease to 0.2 % (forecast 0.4 %) vs previous 0.5 %.
Australia Q2 CPI y/y decrease to 1.9 % (forecast 2.2 %) vs previous 2.1 %.
Australia Q2 RBA trimmed mean CSI q/q stays flat at 0.5 % (forecast 0.5 %) vs previous 0.5 %.
Australia Q2 CPI index number increase to 110.7 vs previous 110.5.
