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FxWirePro: Kiwi reverses previous gain against major peers on the back of RBNZ’s cash rate decision

  • AUD/NZD is currently trading around 1.0904 marks.
     
  • Pair made intraday high at 1.0905 and low at 1.0865 marks.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 1.0857 mark.
     
  • A sustained close above 1.0890 will drag the parity higher towards key resistances at 1.0976/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
     
  • Alternatively, a daily close below 1.0890 will take the parity down towards key supports around 1.0857/1.0782/1.0658/1.0572/1.0502  marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • New Zealand cash rate stays flat at 1.75 % (forecast 1.75 %) vs previous 1.75 %.
  • Market Data
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