FxWirePro: Aussie gains against major peers after RBA’s meeting minutes
AUD/NZD is currently trading around 1.0473 marks. Pair made intraday high at 1.0475 and low at 1.0447 marks. Intraday bias remains bullish till the time pair holds key support at 1.0439 marks. A consistent close below 1.…
Pair made intraday high at 1.0475 and low at 1.0447 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0439 marks.
A consistent close below 1.0439 will take the parity down towards key supports around 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0494 will drag the parity higher towards key resistances at 1.0532/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
RBA board balancing benefits of low rates against risks to household debt from further easing.
RBA minutes: A rising A$ could complicate economic transition, noted it had recently fallen against U.S. dollar.
RBA minutes: Considerable uncertainty about momentum in labour market still saw excess capacity.
RBA minutes: Inflation expected to stay low for some time before rising to more normal levels.
