FxWirePro: Aussie remains almost unchanged against major peers after RBA’s monetary policy meeting minutes
AUD/NZD is currently trading around 1.1053 marks. Pair made intraday high at 1.1056 and low at 1.1037 marks. Intraday bias remains slightly bullish till the time pair holds key support at 1.0987 mark. A sustained close a…
Pair made intraday high at 1.1056 and low at 1.1037 marks.
Intraday bias remains slightly bullish till the time pair holds key support at 1.0987 mark.
A sustained close above 1.1048 will drag the parity higher towards key resistances at 1.1082/1.1175/1.1268/1.1422/1.1526 levels respectively.
Alternatively, a daily close below 1.0987 will take the parity down towards key supports around 1.0952/1.0844/1.0782/1.0658/1.0572/1.0502 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Australia's S&P/ASX 200 index down 0.48 pct at 6,314.80 points in early trade.
RBA Minutes - Board saw no strong case for a near-term move in interest rates.
RBA Minutes - A$ had fallen a little on U.S.$, but TWI still within trading band of last two years.
RBA Minutes - Uunderlying inflation seen at 1.75 pct over 2018, rising to 2.25 pct in 2020.
RBA Minutes - Risk of faster fed hikes could lower a$, support australian economy.
