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FxWirePro: Aussie gains in early Asia ahead of RBA’s cash rate decision

AUD/NZD is currently trading around 1.1125 marks. Pair made intraday high at 1.1129 and low at 1.1084 marks. Intraday bias remains bullish till the time pair holds key support at 1.1055 mark. A daily close below 1.1088 w…

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FxWirePro: Aussie gains in early Asia ahead of RBA’s cash rate decision
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  • AUD/NZD is currently trading around 1.1125 marks.
     
  • Pair made intraday high at 1.1129 and low at 1.1084 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.1055 mark.
     
  • A daily close below 1.1088 will take the parity down towards key supports around 1.0963, 1.0862, 1.0798, 1.0737, 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
     
  • On the other side, a sustained close above 1.1088 will drag the parity higher towards key resistances at 1.1148/1.1224/1.1384/1.1456 levels respectively.
     
  • Australia August AIG services index decrease to 53.0 vs previous 56.4.
     
  • Australia Q2 current account balance decrease to -9.6 bln aud (forecast -8.05 bln aud) vs previous -4.8 bln aud (revised from -3.1 bln aud).
     
  • Australia's S&P/ASX 200 index down 0.03 pct at 5,700.40 points in early trade.
     
  • RBA will release cash rate decision at 0430 GMT.

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