FxWirePro: Aussie falls despite higher than expected building approval data, RBA rate decision in focus
Tuesday, October 4, 2016 1:06 AM UTC
- AUD/NZD is currently trading around 1.0526 marks.
- Pair made intraday high at 1.0556 and low at 1.0526 marks.
- Intraday bias remains bearish till the time pair holds immediate resistance at 1.0568 marks.
- A sustained close above 1.0568 will drag the parity higher towards key resistances at 1.0581/1.0652/1.0709/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
- Alternatively, a consistent break below 1.0472 will take the parity towards key supports around 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
- Australia’s September ANZ internet job ads decreases to -0.3 % vs previous 1.8 %.
- Australia’s August building approvals decreases to -1.8 % (forecast -7 %) vs previous 11.3 %.
- Australia’s August private house approval decreases to -1.3 % vs previous -0.5 %.
- RBA will release interest rate decision at 0330 GMT.