ANALYSIS
NQ100 Finds Support from PPIApr 14
AUDNZD: The Parity Erased 1.5-Month Losses
In the data released by the Australian Bureau of Statistics (ABS), the consumer price index (CPI) in the country increased by 1.8 percent in the second quarter compared to the previous quarter and was reported at 6.1 percent on an annual basis. With the data, while the expectations for the August meeting of the Reserve Bank of Australia (RBA) were anchored for another 50 basis point increase in interest rates, it was seen that the Australian dollar faced demand among developed country currencies. From this point of view, the parity, which has reached the highest level of 1.5 months, may come to the fore at the level of 1.1235, which is indicated by the Fibonacci 161.8 percent expansion line, following 1.1195 above 1.1115.
