• FxWirePro: Aussie remains almost flat against major peers after rba’s monetary policy meeting minutes

    Source: FxWire Pro - Technicals / 18 Jun 2018 22:15:32   America/New_York

    • AUD/NZD is currently trading around 1.0697 marks.
    • Pair made intraday high at 1.0708 and low at 1.0673 marks.
    • Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0748 mark.
    • A sustained close above 1.0698 will drag the parity higher towards key resistances at 1.0748/1.0850/1.0927/1.0998/1.1072/1.1122 levels respectively.
    • Alternatively, a daily close below 1.0698 will take the parity down towards key supports around 1.0620/1.0572/1.0502 marks respectively.
    • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
    • Australia Q1 2018 home price index increase to -0.7 (forecast -1 ).
    • RBA - A rise in the A$ would lead to slower pick up in inflation, economic growth.
    • RBA - Progress on unemployment and inflation expected to be only gradual.
    • Australia's S&P/ASX 200 index up 0.59 pct at 6,140.10 points in early trade.
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