FxWirePro: Aussie remains almost flat against major peers after RBA’s monetary policy meeting minutes
AUD/NZD is currently trading around 1.0697 marks. Pair made intraday high at 1.0708 and low at 1.0673 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0748 mark. A sustained clos…
Pair made intraday high at 1.0708 and low at 1.0673 marks.
Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0748 mark.
A sustained close above 1.0698 will drag the parity higher towards key resistances at 1.0748/1.0850/1.0927/1.0998/1.1072/1.1122 levels respectively.
Alternatively, a daily close below 1.0698 will take the parity down towards key supports around 1.0620/1.0572/1.0502 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
Australia Q1 2018 home price index increase to -0.7 (forecast -1 ).
RBA - A rise in the A$ would lead to slower pick up in inflation, economic growth.
RBA - Progress on unemployment and inflation expected to be only gradual.
Australia's S&P/ASX 200 index up 0.59 pct at 6,140.10 points in early trade.
