RBA’s quarterly SoMP cut near-term inflation and growth forecasts. Break of 61.8% Fibo. can propel the quote to multiple resistances near 1.0640/45. AUD/NZD is on the bids near 1.0615 as markets gave upbeat reaction to the Reserve Bank of Australia’s (RBA) quarterly statement on monetary policy on early Friday. The pair recently crossed 61.8% Fibonacci retracement of its current week’s upside and is likely aiming for 1.0640/45 horizontal-area comprising multiple highs marked since April 24. Though, 1.0625 can offer immediate resistance to the pair. Also, pair’s sustained upside past-1.0645 enables buyers to aim for 1.0665, 1.0685 and 1.0725 during the additional rise. Meanwhile, immediate upward sloping trend-line at 1.0590 acts as nearby support, a break of which can recall 1.0575 and 1.0555 levels on the chart. In case prices slip below 1.0555, 1.0540 and 1.0500 could become bears’ favorites. AUD/NZD hourly chart Trend: Positive  FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next No plan for the President to meet with Chinese Vice Premier Liu He – Fox News FX Street 3 years RBA's quarterly SoMP cut near-term inflation and growth forecasts. Break of 61.8% Fibo. can propel the quote to multiple resistances near 1.0640/45. AUD/NZD is on the bids near 1.0615 as markets gave upbeat reaction to the Reserve Bank of Australia's (RBA) quarterly statement on monetary policy on early Friday. The pair recently crossed 61.8% Fibonacci retracement of its current week's upside and is likely aiming for 1.0640/45 horizontal-area comprising multiple highs marked since April 24. Though, 1.0625 can offer immediate resistance to the pair. Also, pair's sustained upside past-1.0645 enables buyers to aim for 1.0665, 1.0685 and 1.0725 during the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
