ASIA ROUNDUP:
- AUD/USD traded within a 20pip range awaiting the Cash Rate decision, despite red news data from AUD and CNY leading up to the release. AUD retail sales came in less than expected at 0.2% vs 0.3% forecast. Current Account Defecit is at an 11-month low at -5.7Bn vs -7.1Bn forecast to show AUD is riding in demand.
- RBA keep Cash rate fixed at 2.5%.
- CNY Non-Manufacturing came in higher at 55.5 vs 54.8 expected and Final PMI came in slightly lower at 49.4 vs 49.7 expected.
- NZD Overseas Trade Index saw a 3rd consecutive at 1.8% vs 1.9% expected, a 5-month low. NZD currently holding above 0.8435 support at a 3-month low.
UP NEXT:
- EUR CPI is one of the many key indicators ECB monitor for inflation expectations so any short-fall here will add further pressure to take 'drastic action' on Thursday
- US Factory orders are forecast lower for a 2nd consecutive month so number at or above expectations should be USD bullish
TECHNICAL ANALYSIS:
AUD/CAD: 20-week cycle low confirmed? 
The Bullish Hammer which respected the 1.0009 support level was the first clue of the cycle low taking place. The following candle was a Bullish Engulfing which promptly tested 1.0115 resistance and trading has taken part in the higher half of this candle range since. Yesterday produced another Bullish Hammer whose lower wick has formed a higher low, with a break above 1.0115 resistance confirming a change in trend.
This area is a significant level because it is the Monthly pivot, 50 day eMA and horizontal S/R so a break above here can be 'assumed; to be a bullish trend continuation.