Fxwirepro: Aussie Gains Against Major Peers After Rba Minutes, Aud/nzd Back Above 1.05 Mark

AUD/NZD is trading around 1.0504 marks.
Pair made intraday high at 1.0509 and low at 1.0459 marks.
Intraday bias remains bullish till the time pair holds initial support at 1.0455 marks.
On the top side, a sustained close above 1.0547 will drag the parity higher towards 1.0647/1.0748/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively. Alternatively, a daily close below 1.0455 will take the parity down towards key supports around 1.0408(June 9, 2016 low), 1.0362 and 1.0231 marks respectively.
Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend in a daily chart. Current upside movement is short term trend correction only.
Today Australia released meeting minutes and HPI data.
Australia’s HPI fell to -0.2% q/q vs 0.2% q/q previous release.
RBA minutes: Board judged leaving rates steady at June 7 meeting was consistent with sustainable growth.
RBA minutes: Low interest rates and weaker A$ since 2013 helped support above potential growth in Q1.
RBA minutes: Growth in household disposable income had been stronger than measures of income growth for overall economy. We prefer to take short position in AUD/NZD around 1.0525, stop loss 1.0572 and target 1.0416/ 1.0374 levels.

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