- AUD/NZD is currently trading around 1.0690 marks.
- Pair made intraday high at 1.0695 and low at 1.0673 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 1.0747 marks.
- A daily close below 1.0689 will take the parity down towards key supports around 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
- On the other side, a sustained close above 1.0689 will drag the parity higher towards key resistances at 1.0747/1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.
- Australia June retail sales m/m decrease to 0.3 % (forecast 0.2 %) vs previous 0.6 %.
- RBA says recent rise in A$ has had modest dampening e
- RBA says further rise in A$ would lower economic growth, inflation.
- RBA trims GDP forecast for December 2017 to 2-3 pct, December 2018 unchanged at 2.75-3.75 pct, 2019 raised to 3-4 pct.
- RBA sees unemployment little under 5.5 pct by end 2019, recent jobs data provides more confidence.
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