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FxWirePro: Aussie rises against major peers after RBA’s monetary policy meeting minutes

AUD/NZD is currently trading around 1.0897 marks. Pair made intraday high at 1.0900 and low at 1.0877 marks. Intraday bias remains bullish till the time pair holds key support at 1.0825 mark. A sustained close above 1.08…

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FxWirePro: Aussie rises against major peers after RBA’s monetary policy meeting minutes
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  • AUD/NZD is currently trading around 1.0897 marks.
     
  • Pair made intraday high at 1.0900 and low at 1.0877 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0825 mark.
     
  • A sustained close above 1.0883 will drag the parity higher towards key resistances at 1.0945/1.1072/1.1122 levels respectively.
     
  • Alternatively, a daily close below 1.0883 will take the parity down towards key supports around 1.0825/1.0736/1.0620/1.0572/1.0506 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 0.07 pct at 6,131.00 points in early trade.

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