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FxWirePro: Aussie depreciates against major peers after RBA’s monetary policy meeting minutes

  • AUD/NZD is currently trading around 1.0624 marks.
     
  • Pair made intraday high at 1.0645 and low at 1.0620 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0665 marks.
     
  • A sustained close above 1.0665 will drag the parity higher towards key resistances around 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
     
  • Alternatively, a daily close below 1.0634 will take the parity down towards key supports around 1.0560/1.0518/1.0407/1.0339 marks respectively.
     
  • Kiwi PPI input q/q stands at 0.9 pct vs 0.3 pct previous release (expected 0.2 pct).
     
  •  Kiwi PPI output q/q stands at 1.0 pct vs 0.5 pct previous release (expected 0.4 pct).
By Aarti Panchal
  • Market Data
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