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 belo…
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.
