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FxWirePro: Aussie marginally higher against major peers ahead of RBA’s cash rate decision

Tuesday, March 7, 2017 12:59 AM UTC

AUD/NZD is currently trading around 1.0852 marks.
Pair made intraday high at 1.0856 and low at 1.0829 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0779 marks.
A daily close below 1.0838 will take the parity down towards key supports around 1.0779, 1.0713, 1.0670, 1.0616, 1.0594, 1.0552, 1.0516, 1.0460, 1.0412 and 1.0370 marks respectively.
On the other side, a sustained close above 1.0838 will drag the parity higher towards key resistances at 1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
RBA will release cash rate decision at 0330 GMT.

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FxWirePro: Aussie marginally higher against major peers ahead of RBA’s cash rate decision

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