FxWirePro: Aussie falls against major peers on the back of lower than expected CPI data
AUD/NZD is currently trading around 1.0432 marks. Pair made intraday high at 1.0470 and low at 1.0424 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0492 marks. A consistent close…
Pair made intraday high at 1.0470 and low at 1.0424 marks.
Intraday bias remains bearish till the time pair holds immediate resistance at 1.0492 marks.
A consistent close below 1.0457 will take the parity down towards key supports around 1.0420, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0457 will drag the parity higher towards key resistances at 1.0492/1.0532/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
Australia’s Q4 RBA trimmed mean CPI Q/Q stays flat at 0.4 % (forecast 0.5 %) vs previous 0.4 %.
Australia’s Q4 CPI Q/Q decreases to 0.5 % (forecast 0.7 %) vs previous 0.7 %.
Australia’s Q4 CPI Y/Y increases to 1.5 % (forecast 1.6 %) vs previous 1.3 %.
Australia’s Q4 CPI index number increase to 110.0 vs previous 109.4.
