FxWirePro: Kiwi remains highly volatile in early Asia as RBNZ keeps official cash rate steady
Thursday, November 8, 2018 2:21 AM UTC
- AUD/NZD is currently trading around 1.0716 marks.
- Pair made intraday high at 1.0733 and low at 1.0711 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 1.0747 mark.
- A sustained close above 1.0688 will drag the parity higher towards key resistances around 1.0747/1.0798/1.0877/1.0955/1.1002/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
- Alternatively, a daily close below 1.0688 will take the parity down towards key supports around 1.0658/1.0572/1.0502/1.0432 marks respectively.
- New Zealand Nov cash rate stays flat at 1.75 % (forecast 1.75 %) vs previous 1.75 %.