FxWirePro: Aussie remains almost unchanged against major peers after RBA’s monetary policy meeting minutes
Tuesday, August 21, 2018 1:57 AM UTC
- AUD/NZD is currently trading around 1.1053 marks.
- Pair made intraday high at 1.1056 and low at 1.1037 marks.
- Intraday bias remains slightly bullish till the time pair holds key support at 1.0987 mark.
- A sustained close above 1.1048 will drag the parity higher towards key resistances at 1.1082/1.1175/1.1268/1.1422/1.1526 levels respectively.
- Alternatively, a daily close below 1.0987 will take the parity down towards key supports around 1.0952/1.0844/1.0782/1.0658/1.0572/1.0502 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Australia's S&P/ASX 200 index down 0.48 pct at 6,314.80 points in early trade.
- RBA Minutes - Board saw no strong case for a near-term move in interest rates.
- RBA Minutes - A$ had fallen a little on U.S.$, but TWI still within trading band of last two years.
- RBA Minutes - Uunderlying inflation seen at 1.75 pct over 2018, rising to 2.25 pct in 2020.
- RBA Minutes - Risk of faster fed hikes could lower a$, support australian economy.