FxWirePro: Kiwi reverses previous gain against major peers on the back of RBNZ’s cash rate decision
Thursday, September 27, 2018 1:30 AM UTC
- 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 %.