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FxWirePro: Aussie gains against kiwi after RBA’s meeting minutes

  • AUD/NZD is currently trading around 1.0713 marks.
     
  • Pair made intraday high at 1.0721 and low at 1.0682 marks.
     
  • Intraday bias remains bullish till the time pair holds immediate support at 1.0648 marks.  
     
  • A daily close below 1.0690 will take the parity down towards key supports around 1.0594, 1.0552, 1.0516, 1.0460, 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
     
  • On the other side, a sustained close above 1.0690 will drag the parity higher towards key resistances at 1.0735/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
     
  • RBA repeats an appreciating A$ would complicate economic transition.
     
  • RBA minutes - Judged steady rates consistent with economic growth, inflation targets.
     
  • RBA minutes - Resource exports to boost GDP growth, while drag from mining investment faded.
     
  • RBA board members more positive on near-term prospects for global economy.
  • Market Data
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