- AUD/NZD is currently trading around 1.0568 marks.
- Pair made intraday high at 1.0577 and low at 1.0551 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 1.0592 mark.
- A sustained close above 1.0564 will drag the parity higher towards key resistances at 1.0592/1.0652/1.0705/1.0802/1.0945/1.1072 levels respectively.
- Alternatively, a daily close below 1.0564 will take the parity down towards key supports around 1.0506/1.0443/1.0380/1.0305 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Australia's S&P/ASX 200 index up 0.40 pct at 5,864.40 points in early trade.
- RBA minutes - Board agreed there was not a strong case for near-term move in policy.
- RBA minutes - Progress on unemployment and inflation likely to be only gradual.
- RBA minutes - Economy "appeared likely" to grow faster this year than in 2017.
- RBA minutes - An appreciation in the A$ would slow expected acceleration in economy.
- RBA minutes - High household debt creates uncertainty for consumption outlook.
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