FxWirePro: Aussie marginally lower after RBA’s meeting minutes
AUD/NZD is currently trading around 1.0615 marks. Pair made intraday high at 1.0625 and low at 1.0599 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0560 marks. A sustained close abo…
Pair made intraday high at 1.0625 and low at 1.0599 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0560 marks.
A sustained close above 1.0658 will drag the parity higher towards key resistances at 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 1.0560 will take the parity down towards key supports around 1.0446, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
RBA minutes: Underlying inflation expected to return to normal levels over time.
RBA minutes: Economy seen growing close to potential next few quarters, before picking up further.
RBA minutes repeats a rising A$ could complicate the economic transition.
RBA minutes: Expected jobless rate to edge down, but underemployment still elevated.
RBA minutes: Steadier china economy had reduced downside risks to global growth outlook.
RBA minutes: Risks to global inflation outlook more balanced than for some time.
