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

    Source: FxWire Pro - Technicals / 20 Aug 2018 22:12:40   America/New_York

    • AUD/NZD is currently trading around 1.1053 marks.
       
    • Pair made intraday high at 1.1056 and low at 1.1037 marks.
       
    • Intraday bias remains slightly bullish till the time pair holds key support at 1.0987 mark.
       
    • A sustained close above 1.1048 will drag the parity higher towards key resistances at 1.1082/1.1175/1.1268/1.1422/1.1526 levels respectively.
       
    • Alternatively, a daily close below 1.0987 will take the parity down towards key supports around 1.0952/1.0844/1.0782/1.0658/1.0572/1.0502  marks respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
       
    • Australia's S&P/ASX 200 index down 0.48 pct at 6,314.80 points in early trade.
       
    • RBA Minutes - Board saw no strong case for a near-term move in interest rates.
       
    • RBA Minutes - A$ had fallen a little on U.S.$, but TWI still within trading band of last two years.
       
    • RBA Minutes - Uunderlying inflation seen at 1.75 pct over 2018, rising to 2.25 pct in 2020.
       
    • RBA Minutes - Risk of faster fed hikes could lower a$, support australian economy.
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