• AUD/NZD is currently trading around 1.0641 marks.
   
• Pair made intraday high at 1.0647 and low at 1.0619 marks.
   
• Intraday bias remains bullish till the time pair holds key support at 1.0623 levels.
   
• In addition, a sustained close above 1.0623 will drag the parity higher towards 1.0727/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
   
• Alternatively, a sustained break below 1.0588 mark will take the parity down towards key supports around 1.0497, 1.0450, 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.
   
• Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.
   
• RBA: Underlying inflation to remain under 2 pct for much of forecast period, reach 2 pct by end 2018.
   
• RBA: Prospects for economy positive, but low inflation allows for "even stronger growth".
   
• RBA says A$ remains significant source of uncertainty for inflation, growth forecasts.
   
• RBA forecasts underlying inflation 1.5 pct by end 2016, 1.5-2.5 pct end 2017, 1.5-2.5 pct end 2018.
   
• RBA forecasts GDP growth 2.5-3.5 pct end 2016, 2.5-3.5 pct end 2017, 3-4 pct end 2018.
   
• RBA says unemployment to fall only a little out to 2018, employment growth to be modest this year.
   
• RBA quarterly statement repeats policy easing to help foster growth, offers no forward guidance.