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FxWirePro: Kiwi appreciates against major peers as RBNZ stands pat

AUD/NZD is currently trading around 1.1035 marks. Pair made intraday high at 1.1044 and low at 1.1010 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.1096 mark. A sustained close above 1…

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FxWirePro: Kiwi appreciates against major peers as RBNZ stands pat
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  • AUD/NZD is currently trading around 1.1035 marks.
     
  • Pair made intraday high at 1.1044 and low at 1.1010 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.1096 mark.
     
  • A sustained close above 1.1017 will drag the parity higher towards key resistances at 1.1096/1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.1017 will take the parity down towards key supports around 1.0930, 1.0873, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • New Zealand's Reserve Bank kept OCR unchanged at 1.75 percent.
     
  • Reserve Bank of NZ assistant Gov Mcdermott says would be good if NZ$ fell a little bit further.
     
  • Australia's S&P/ASX 200 index up 0.44 pct at 6,042.70 points in early trade.
     
  • Australia Sep housing finance decrease to -2.3 % (forecast 3.0 %) vs previous 1.5 % (revised from 1.0 %).

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Major Pair Currency Score: AUDUSD Bearish

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