FxWirePro: AUD/NZD hovers around 1.05 mark as RBNZ cuts interest rate to 1.75 pct
Thursday, November 10, 2016 1:08 AM UTC
- 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 %.