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FxWirePro: AUD/NZD remains well supported above 1.07 mark, RBNZ keeps cash rate steady

  • AUD/NZD is currently trading around 1.0773 marks.
     
  • Pair made intraday high at 1.0783 and low at 1.0703 marks.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close below 1.0742 will take the parity down towards key supports around 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
     
  • On the other side, a sustained close above 1.0742 will drag the parity higher towards key resistances at 1.0804/1.0845/1.0912/1.0966/1.1062/1.1148 levels respectively.
     
  • New Zealand's reserve bank OCR unchanged at 1.75 percent.
     
  • RBNZ says lower NZ$ is needed.
     
  • RBNZ says domestic economic growth is expected to improve.
     
  • RBNZ says headline inflation is likely to decline in coming quarters.

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