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FxWirePro: Aussie falls against major peers as building approvals data misses expectations, RBA’s cash rate decision in focus

AUD/NZD is currently trading around 1.0939 marks. Pair made intraday high at 1.0952 and low at 1.0923 marks. Intraday bias remains neutral till the time pair holds key resistance at 1.0952 mark. A sustained close above 1…

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FxWirePro: Aussie falls against major peers as building approvals data misses expectations, RBA’s cash rate decision in focus
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  • AUD/NZD is currently trading around 1.0939 marks.
     
  • Pair made intraday high at 1.0952 and low at 1.0923 marks.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 1.0952 mark.
     
  • A sustained close above 1.0925 will drag the parity higher towards key resistances at 1.0998/1.1072/1.1122 levels respectively.
     
  • Alternatively, a daily close below 1.0925 will take the parity down towards key supports around 1.0870/1.0782/1.0658/1.0572/1.0502  marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • Australia May building approvals -3.2 pct m/m, s/adj (poll +1.0 pct).
     
  • Australia May private sector house approvals -8.6 pct m/m, s/adj.
     
  • Australia's S&P/ASX 200 index up 0.19 pct at 6,189.30 points in early trade.
     
  • RBA will release cash rate decision at 0430 GMT.

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560