FxWirePro: Aussie gains against kiwi after RBA’s meeting minutes
AUD/NZD is currently trading around 1.0713 marks. Pair made intraday high at 1.0721 and low at 1.0682 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0648 marks. A daily close below 1…
Pair made intraday high at 1.0721 and low at 1.0682 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0648 marks.
A daily close below 1.0690 will take the parity down towards key supports around 1.0594, 1.0552, 1.0516, 1.0460, 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 1.0690 will drag the parity higher towards key resistances at 1.0735/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
RBA repeats an appreciating A$ would complicate economic transition.