FxWirePro: Aussie rises against major peers after RBA’s monetary policy statements
AUD/NZD is currently trading around 1.0614 marks. Pair made intraday high at 1.0617 and low at 1.0594 marks. Intraday bias remains bullish till the time pair holds key support at 1.0557 mark. A sustained close above 1.06…
Pair made intraday high at 1.0617 and low at 1.0594 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0557 mark.
A sustained close above 1.0625 will drag the parity higher towards key resistances around 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
Alternatively, a daily close below 1.0557 will take the parity down towards key supports around 1.0532/1.0449/1.0364/1.0275/1.0237/1.0192 marks respectively.
RBA - A$ at low end of range, low bond yields offsetting upward pressure from higher commodity prices.
RBA - Near term outlook for consumption growth has been revised lower.
RBA - Outlook for export growth and terms of trade revised upward.
RBA - Forecasts unemployment at 5 pct out to Dec 2020, 4.75 pct by June 2021.
