FxWirePro: Aussie gains against major peers after RBA’s monetary policy statements
AUD/NZD is currently trading around 1.0614 marks. Pair made intraday high at 1.0617 and low at 1.0594 marks. Intraday bias remains neutral till the time pair holds immediate resistance at 1.0630 marks. A daily close belo…
Pair made intraday high at 1.0617 and low at 1.0594 marks.
Intraday bias remains neutral till the time pair holds immediate resistance at 1.0630 marks.
A daily close below 1.0607 will take the parity down towards key supports around 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 1.0607 will drag the parity higher towards key resistances at 1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
RBA says an appreciating A$ could complicate economy's transition.
RBA includes new forecasts for unemployment, sees 5.75 pct mid-2017 and 5-6 pct out to mid-2019.
RBA says global economy entered 2017 with more momentum than earlier expected.
RBA forecasts underlying inflation at 1.75 pct June 2017, 1.5-2.5 pct out to December 2018, 2-3 pct by June 2019.
RBA cuts GDP forecast for June 2017 by 1 pct to 1.5-2.5 pct, December unchanged at 2.5-3.5 pct, June 2019 2.75-3.75 pct.
Australia’s December housing finance decreases to 0.4 % (forecast 1.0 %) vs previous 0.9 %.
Australia’s December invest housing finance decreases to -1 % vs previous 4.9 %.
