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FxWirePro: Aussie gains against major peers on robust retail sales data

  • AUD/NZD is currently trading around 1.0498 marks.
     
  • Pair made intraday high at 1.0507 and low at 1.0463 marks.
     
  • Intraday bias remains bullish till the time pair holds immediate support at 1.0463 marks.  
     
  • A sustained close above 1.0531 will drag the parity higher towards key resistances at 1.0618/1.0658/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
     
  • Alternatively, a consistent close below 1.0463 will take the parity down towards key supports around 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
     
  • Australia September retail sales m/m increases to 0.6 % (forecast 0.4 %) vs previous 0.4 %.
     
  • Australia September retail sales m/m increases to 0.6 % (forecast 0.4 %) vs previous 0.4 %.
     
  • In addition, Australia released monetary policy meeting minutes.
     
  • RBA policy statement: Board saw "reasonable prospects" of achieving sustainable economic growth.
     
  • RBA: Inflation to stay steady in near term, rise gradually to 2 pct by end 2018.
     
  • RBA: Repeats an appreciating A$ could complicate economic transition.
     
  • RBA: Outlook for commodity prices, particularly coal, more positive than previously thought.
     
  • RBA: GDP and inflation forecasts little changed, GDP seen 2.5-3.5 pct end 2017, 3-4 pct end 2018.
     
  • RBA trims jobs growth forecast, jobless rate to "edge just a little lower" over next 2 years.
     
  • RBA: Outlook for household consumption remains a key uncertainty.
  • Market Data
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