• FxWirePro: Aussie rises against major peers on robust CPI data

    Source: FxWire Pro - Technicals / 31 Jul 2019 08:46:51   Europe/London

    • AUD/NZD is currently trading around 1.0438 marks.
       
    • Pair made intraday high at 1.0439 and low at 1.0386 marks.
       
    • Intraday bias remains bullish till the time pair holds key support at 1.0391 mark.
       
    • A sustained close above 1.0448 will drag the parity higher towards key resistances around 1.0470, 1.0528, 1.0580, 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
       
    • Alternatively, a daily close below 1.0391 will take the parity down towards key supports around 1.0364/1.0275/1.0237/1.0192 marks respectively.
       
    • Australia q/q CPI at 0.6 pct vs 0.0 pct prevvious release.
       
    • Australia trimmed mean CPI q/q at 0.4 pct vs 0.3 pct previous release.
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