FxWirePro: Kiwi falls against major peers after RBNZ’s cash rate decision
AUD/NZD is currently trading around 1.0451 marks. Pair made intraday high at 1.0482 and low at 1.0334 marks. Intraday bias remains bullish till the time pair holds key support at 1.0344 mark. A sustained close above 1.03…
Pair made intraday high at 1.0482 and low at 1.0334 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0344 mark.
A sustained close above 1.0354 will drag the parity higher towards key resistances around 1.0528, 1.0580, 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
Alternatively, a daily close below 1.0344 will take the parity down towards key supports around 1.0275/1.0237/1.0192/1.0123 marks respectively.
RBNZ reduces official cash rate to 1.00 pct vs 1.5 pct previous release(expected 1.25 pct).
