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

AUD/NZD is currently trading around 1.0645 marks. Pair made intraday high at 1.0664 and low at 1.0639 marks. Intraday bias remains neutral till the time pair holds key support at 1.0636 mark. A sustained close above 1.06…

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FxWirePro: Aussie trades marginally lower after RBA’s monetary policy meeting minutes
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  • AUD/NZD is currently trading around 1.0645 marks.
     
  • Pair made intraday high at 1.0664 and low at 1.0639 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 1.0636 mark.
     
  • A sustained close above 1.0653 will drag the parity higher towards key resistances at 1.0692/1.0802/1.0945/1.1072/1.1113 levels respectively.
     
  • Alternatively, a daily close below 1.0653 will take the parity down towards key supports around 1.0550/1.0443/1.0380/1.0305 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 down 0.45 pct at 5,932.60 points in early trade.
     
  • Australia Q4 home price index increase to 1 % vs previous -0.2 %.

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