FxWirePro: Aussie trades marginally lower after RBA’s monetary policy statements, retail sales data
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 1.06…
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.
