Fxwirepro: Aussie Gains Against Major Peers ahead of Cpi Data

AUD/NZD is currently trading around 1.0654 marks.
Pair made intraday high at 1.0656 and low at 1.0623 marks. Intraday bias remains bullish till the time pair holds key support at 1.0610 levels.
On the top side, a sustained close above 1.0727 will drag the parity higher towards 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.
Alternatively, a sustained break below 1.0610 mark will take the parity down towards key supports around 1.0560, 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.
Australia will release CPI data at 0130 GMT. Markets anticipate a 0.4% Q/Q rise in the CPI for the June quarter vs -0.2% Q/Q previous release.

News are provided by InstaForex