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FxWirePro: Aussie trades marginally higher after RBA’s monetary policy meeting minutes

AUD/NZD is currently trading around 1.0975 marks. Pair made intraday high at 1.0986 and low at 1.0949 marks. Intraday bias remains bullish till the time pair holds key support at 1.0936 mark. A sustained close above 1.09…

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FxWirePro: Aussie trades marginally higher after RBA’s monetary policy meeting minutes
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  • AUD/NZD is currently trading around 1.0975 marks.
     
  • Pair made intraday high at 1.0986 and low at 1.0949 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0936 mark.
     
  • A sustained close above 1.0954 will drag the parity higher towards key resistances at 1.0990/1.1045/1.1178/1.1224/1.1301/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.0954 will take the parity down towards key supports around 1.0862, 1.0798, 1.0737, 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
     
  • RBA minutes - Rise in A$ driven by fall in US$, weighing on domestic growth and inflation.
     
  • RBA minutes - Economy had grown below trend in 2016/17, recent data mostly positive.
     
  • RBA minutes - Leading indicators suggested jobs pick up was likely to continue.
     
  • RBA minutes - Outlook for non-mining investment had improved, public infrastructure spending strong.

     

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