Friday, October 16, 2026

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FxWirePro: Aussie strengthens on strong building approvals data, RBA’s cash rate decision in focus

AUD/NZD is currently trading around 1.0474 marks. Pair made intraday high at 1.0483 and low at 1.0444 marks. Intraday bias remains slightly bullish for the moment. A sustained close above 1.0448 will drag the parity high…

By FxWirePro Team
1 min read
FxWirePro: Aussie strengthens on strong building approvals data, RBA’s cash rate decision in focus
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  • AUD/NZD is currently trading around 1.0474 marks.
     
  • Pair made intraday high at 1.0483 and low at 1.0444 marks.
     
  • Intraday bias remains slightly bullish for the moment.
     
  • A sustained close above 1.0448 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 1.0448 will take the parity down towards key supports around 1.0364/1.0275/1.0237/1.0192  marks respectively.
     
  • Australia Feb 2019 building approvals increase to 19.1 % (forecast -1 %) vs previous 2.5 %.
     
  • Australia Feb 2019 private house approvals decrease to -3.6 % vs previous 2.1 %.
     
  • Australia's S&P/ASX 200 index up 0.52 pct at 6,249.50 points in early trade.
     
  • RBA will release cash rate decision around 0330 GMT.

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team