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FxWirePro: Aussie falls in early hours of Asia ahead of RBA’s cash rate decision

Tuesday, December 6, 2016 12:54 AM UTC

AUD/NZD is currently trading around 1.0436 marks.
Pair made intraday high at 1.0468 and low at 1.0434 marks.
Intraday bias remains neutral till the time pair holds immediate support at 1.0420 marks.
A sustained close above 1.0460 will drag the parity higher towards key resistances at 1.0532/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
Alternatively, a consistent close below 1.0420 will take the parity down towards key supports around 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
Australia’s Q3 net exports contribution stays flat at -0.2 % (forecast 0.00 %) vs previous -0.2 %.
Australia’s Q3 current account deficit decreases to 11.4 bln Aud (forecast 13.70 bln Aud) vs previous 15.54 bln Aud.
RBA will release cash rate decision at 0330 GMT.

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FxWirePro: Aussie falls in early hours of Asia ahead of RBA’s cash rate decision

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