FxWirePro: Aussie falls despite higher than expected building approval data, RBA rate decision in focus
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 …
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.
