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

  • AUD/NZD is currently trading around 1.0836 marks.
     
  • Pair made intraday high at 1.0847 and low at 1.0831 marks.
     
  • Intraday bias remains bearish till the time pair holds immediate resistance at 1.0904 marks.  
     
  • A daily close below 1.0841 will take the parity down towards key supports around 1.0792, 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 1.0841 will drag the parity higher towards key resistances at 1.0904/1.0966/1.1062 (30D EMA)/1.1148 levels respectively.
     
  • RBA will release cash rate decision at 0430 GMT.
     
  • New Zealand released NZIER business confidence data with negative numbers at 17 q/q vs 28 q/q previous release.
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