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FxWirePro: Aussie remains almost unchaged after current account data, RBA’s cash rate decision in focus

AUD/NZD is currently trading around 1.0389 marks. Pair made intraday high at 1.0404 and low at 1.0379 marks. Intraday bias remains neutral till the time pair holds key support around 1.0368 mark. A sustained close above …

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FxWirePro: Aussie remains almost unchaged after current account data, RBA’s cash rate decision in focus
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  • AUD/NZD is currently trading around 1.0389 marks.
     
  • Pair made intraday high at 1.0404 and low at 1.0379 marks.
     
  • Intraday bias remains neutral till the time pair holds key support around 1.0368 mark.
     
  • A sustained close above 1.0447 will drag the parity higher towards key resistances around 1.0488/1.0540/1.0570/1.0590/1.0634 levels respectively.
     
  • Alternatively, a daily close below 1.0390 will take the parity down towards key supports around 1.0368/1.0333/1.0237/1.0192  marks respectively.
     
  • Australia Q4 2018 current account balance sa increase to -7.2 aud (forecast -9.2 aud) vs previous -10.7 aud.
     
  • Australia Q4 2018 net exports contribution decrease to -0.2 % (forecast -0.1 %) vs previous 0.4 %.
     
  • Australia Feb 2019 AIG services index increase to 44.5 vs previous 44.3.
     
  • Australia's S&P/ASX 200 index down 0.51 pct at 6,185.70 points in early trade.
     
  • RBA will release cash rate decision at 0330 GMT.

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Major Pair Currency Score: AUDUSD Bearish

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