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FxWirePro: Aussie trades marginally higher after RBA’s monetary policy meeting minutes

  • AUD/NZD is currently trading around 1.0975 marks.
     
  • Pair made intraday high at 1.0986 and low at 1.0949 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0936 mark.
     
  • A sustained close above 1.0954 will drag the parity higher towards key resistances at 1.0990/1.1045/1.1178/1.1224/1.1301/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.0954 will take the parity down towards key supports around 1.0862, 1.0798, 1.0737, 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
     
  • RBA minutes - Rise in A$ driven by fall in US$, weighing on domestic growth and inflation.
     
  • RBA minutes - Economy had grown below trend in 2016/17, recent data mostly positive.
     
  • RBA minutes - Leading indicators suggested jobs pick up was likely to continue.
     
  • RBA minutes - Outlook for non-mining investment had improved, public infrastructure spending strong.

     

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