• AUD/NZD is currently trading around 1.0442 marks.
   
• Pair made intraday high at 1.0465 and low at 1.0439 marks.
   
• Intraday bias remains slightly bearish till the time pair holds immediate resistance at 1.0507 marks.  
   
• A consistent close below 1.0458 will take the parity down towards key supports around 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
   
• On the other side, a sustained close above 1.0458 will drag the parity higher towards key resistances at 1.0507/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
   
• Australia’s January AIG construction index increases to 47.7 vs previous 47.0.
   
• RBA will release cash rate decision and monetary policy statements at 0330 GMT.