FxWirePro: Aussie gains against major peers as RBA stands pat
Tuesday, November 1, 2016 3:58 AM UTC
- AUD/NZD is currently trading around 1.0673 marks.
- Pair made intraday high at 1.0677 and low at 1.0600 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 1.0591 marks.
- A sustained close above 1.0700 will drag the parity higher towards key resistances at 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 1.0591 will take the parity down towards key supports around 1.0509, 1.0472, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
- Australia November RBA cash rate stays flat at 1.50 % (forecast 1.50 %) vs previous 1.50 %.
- RBA says global economy continues to grow, at below average pace.
- RBA says judged unchanged policy consistent with growth, inflation targets.
- RBA says commodity prices have risen over recent months, lifted terms of trade.
- RBA says Australian economy growing at moderate rate.
- RBA says some housing prices rising briskly.
- RBA says rising A$ could complicate economic transition.