FxWirePro: Kiwi falls against major peers as RBNZ keeps interest rates at a record low
Thursday, May 11, 2017 1:07 AM UTC
- 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 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.