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FxWirePro: Aussie falls in early Asia as building approvals, current account data miss expectations; RBA’s cash rate decision in focus

AUD/NZD is currently trading around 1.0418 marks. Pair made intraday high at 1.0462 and low at 1.0415 marks. Intraday bias remains slightly bearish for the moment. A sustained close above 1.0476 will drag the parity high…

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FxWirePro: Aussie falls in early Asia as building approvals, current account data miss expectations; RBA’s cash rate decision in focus
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  • AUD/NZD is currently trading around 1.0418 marks.
     
  • Pair made intraday high at 1.0462 and low at 1.0415 marks.
     
  • Intraday bias remains slightly bearish for the moment.
     
  • A sustained close above 1.0476 will drag the parity higher towards key resistances around 1.0526, 1.06, 1.0654 and 1.0743 mark respectively.
     
  • Alternatively, a daily close below 1.0397 will take the parity down towards key supports around 1.0349/1.0264/1.0222/1.0178 marks respectively.
     
  • Australia’s building approvals m/m stands at -15.3 pct vs 3.9 pct previous release (expected 1.1 pct).
     
  • Australia’s current account stands at 1.0B vs 6.5B previous release (expected 2.3B).
     
  • Australia’s S&P/ASX 200 was trading 1.84 pct higher at 6,509.10 points.
     
  • RBA will release cash rate decision at 0330 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