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

AUD/NZD is currently trading around 1.0890 marks. Pair made intraday high at 1.0899 and low at 1.0876 marks. Intraday bias remains neutral till the time pair holds immediate resistance at 1.0899 marks. A daily close belo…

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FxWirePro: Aussie marginally higher ahead of RBA’s cash rate decision
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  • AUD/NZD is currently trading around 1.0890 marks.
     
  • Pair made intraday high at 1.0899 and low at 1.0876 marks.
     
  • Intraday bias remains neutral till the time pair holds immediate resistance at 1.0899 marks.  

  • A daily close below 1.0899 will take the parity down towards key supports around 1.0838, 1.0770, 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 1.0899 will drag the parity higher towards key resistances at 1.0966/1.1062/1.1148 levels respectively.
     
  • RBA will release cash rate decision at 0430 GMT.

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560