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 abo…
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 %.
