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FxWirePro: Aussie gains sharply against major peers on robust CPI data

  • AUD/NZD is currently trading around 1.0738 marks.
     
  • Pair made intraday high at 1.0750 and low at 1.0637 marks.
     
  • Intraday bias remains bullish till the time pair holds immediate support at 1.0618 marks.  
     
  • A sustained close above 1.0751 will drag the parity higher towards key resistances at 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
     
  • Alternatively, a consistent break below 1.0618 will take the parity down towards key supports around 1.0509, 1.0472, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
     
  • Australia’s Q3 CPI Q/Q increases to 0.7 % (forecast 0.5 %) vs previous 0.4 %.
     
  • Australia’s Q3 CPI Y/Y increases to 1.3 % (forecast 1.1 %) vs previous 1.0 %.
     
  • Australia’s Q3 CPI index number increases to 109.4 vs previous 108.6.
     
  • Australia Q3 RBA trimmed mean CPI Q/Q decreases to 0.4 % (forecast 0.4 %) vs previous 0.5 %.
  • Market Data
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