FxWirePro: Aussie rises against major peers on robust CPI data
Wednesday, July 31, 2019 2:04 AM UTC
- AUD/NZD is currently trading around 1.0438 marks.
- Pair made intraday high at 1.0439 and low at 1.0386 marks.
- Intraday bias remains bullish till the time pair holds key support at 1.0391 mark.
- A sustained close above 1.0448 will drag the parity higher towards key resistances around 1.0470, 1.0528, 1.0580, 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
- Alternatively, a daily close below 1.0391 will take the parity down towards key supports around 1.0364/1.0275/1.0237/1.0192 marks respectively.
- Australia q/q CPI at 0.6 pct vs 0.0 pct prevvious release.
- Australia trimmed mean CPI q/q at 0.4 pct vs 0.3 pct previous release.