FxWirePro: Kiwi falls against major peers as RBNZ keeps interest rates at a record low
AUD/NZD is currently trading around 1.0767 marks. Pair made intraday high at 1.0776 and low at 1.0625 marks. Intraday bias remains bullish till the time pair holds key support at 1.0610 marks. A daily close below 1.0625 …
Pair made intraday high at 1.0776 and low at 1.0625 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0610 marks.
A daily close below 1.0625 will take the parity down towards key supports around 1.0610, 1.0594, 1.0552, 1.0516, 1.0460, 1.0412 and 1.0370 marks respectively.
On the other side, a sustained close above 1.0625 will drag the parity higher towards key resistances at 1.0789/1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.
RBNZ kept OCR unchanged at 1.75 percent.
RBNZ says house price inflation has moderated further, moderation projected to continue.
RBNZ says domestic economic growth outlook remains positive.
RBNZ sees official cash rate at 1.8 pct in September 2018 (previous 1.8 pct).
RBNZ sees official cash rate at 2.0 pct in June 2020.
