FxWirePro: Aussie gains against kiwi after RBA’s meeting minutes
Tuesday, February 21, 2017 1:48 AM UTC
- 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.