Technicals

Add as a preferred source on Google

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…

1 min read
FxWirePro: Aussie gains against kiwi after RBA’s meeting minutes
Image from the original EconoTimes article

Read the original article

  • 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 1.0690 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.
     
  • RBA minutes - Judged steady rates consistent with economic growth, inflation targets.
     
  • RBA minutes - Resource exports to boost GDP growth, while drag from mining investment faded.
     
  • RBA board members more positive on near-term prospects for global economy.

Related articles

View all
Technicals

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