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FxWirePro: AUD/NZD hovers around 1.05 mark as RBNZ cuts interest rate to 1.75 pct

  • AUD/NZD is currently trading around 1.0502 marks.
     
  • Pair made intraday high at 1.0507 and low at 1.0476 marks.
     
  • Intraday bias remains bullish till the time pair holds immediate support at 1.0446 marks.  
     
  • A sustained close above 1.0519 will drag the parity higher towards key resistances at 1.0562/1.0618/1.0658/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
     
  • Alternatively, a consistent close below 1.0446 will take the parity down towards key supports around 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
     
  • New Zealand's Reserve Bank reduced OCR to 1.75 percent.
     
  • RBNZ's wheeler says markets decided fairly easy to put fiscal policy through with GOP house wins.
     
  • RBNZ's wheeler says people are trying to work out what trump win means for fiscal policy, infrastructure spending, tax cuts.
     
  • RBNZ's wheeler says markets also analysing impact of trump win on trade.
     
  • RBNZ's wheeler says us needs to think very seriously about its trade leadership in the Asia pacific.
     
  • RBNZ governor says does not think economy needs fiscal stimulus at this stage.
     
  • Australia September housing finance increases to 1.6 % (forecast -2 %) vs previous -3 %.
     
  • Australia September invest housing finance increases to 4.6 % vs previous 0.1 %.
  • Market Data
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