FxWirePro: Aussie gains sharply against major peers on robust CPI data
AUD/NZD is currently trading around 1.0738 marks. Pair made intraday high at 1.0750 and low at 1.0637 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0618 marks. A sustained close abo…
Pair made intraday high at 1.0750 and low at 1.0637 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0618 marks.
A sustained close above 1.0751 will drag the parity higher towards key resistances at 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
Alternatively, a consistent break below 1.0618 will take the parity down towards key supports around 1.0509, 1.0472, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
Australia’s Q3 CPI Q/Q increases to 0.7 % (forecast 0.5 %) vs previous 0.4 %.
Australia’s Q3 CPI Y/Y increases to 1.3 % (forecast 1.1 %) vs previous 1.0 %.
Australia’s Q3 CPI index number increases to 109.4 vs previous 108.6.
Australia Q3 RBA trimmed mean CPI Q/Q decreases to 0.4 % (forecast 0.4 %) vs previous 0.5 %.
