FxWirePro: Aussie falls in early Asia as building approvals, current account data miss expectations; RBA’s cash rate decision in focus
Tuesday, March 3, 2020 1:59 AM UTC
- AUD/NZD is currently trading around 1.0418 marks.
- Pair made intraday high at 1.0462 and low at 1.0415 marks.
- Intraday bias remains slightly bearish for the moment.
- A sustained close above 1.0476 will drag the parity higher towards key resistances around 1.0526, 1.06, 1.0654 and 1.0743 mark respectively.
- Alternatively, a daily close below 1.0397 will take the parity down towards key supports around 1.0349/1.0264/1.0222/1.0178 marks respectively.
- Australia’s building approvals m/m stands at -15.3 pct vs 3.9 pct previous release (expected 1.1 pct).
- Australia’s current account stands at 1.0B vs 6.5B previous release (expected 2.3B).
- Australia’s S&P/ASX 200 was trading 1.84 pct higher at 6,509.10 points.
- RBA will release cash rate decision at 0330 GMT.