FxWirePro: AUD/NZD remains well supported above 1.07 mark, RBNZ keeps cash rate steady
Thursday, August 10, 2017 1:47 AM UTC
- 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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