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FxWirePro: Aussie trades almost flat against major peers ahead of RBA’s cash rate decision

AUD/NZD is currently trading around 1.0362 marks. Pair made intraday high at 1.0365 and low at 1.0349 marks. Intraday bias remains neutral till the time pair holds key resistance at 1.0386 marks. A sustained close above …

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FxWirePro: Aussie trades almost flat against major peers ahead of RBA’s cash rate decision
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  • AUD/NZD is currently trading around 1.0362 marks.
     
  • Pair made intraday high at 1.0365 and low at 1.0349 marks.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 1.0386 marks.
     
  • A sustained close above 1.0355 will drag the parity higher towards key resistances around 1.0386, 1.0455, 1.0526, 1.06, 1.0654 and 1.0743 mark respectively.
     
  • Alternatively, a daily close below 1.0322 will take the parity down towards key supports around 1.0264/1.0222/1.0178 marks respectively.
     
  • RBA will release cash rate decision around 0330 GMT.
     
  • Australia’s S&P/ASX 200 was trading 0.49 pct higher at 6,957.30 points.

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