FxWirePro: Kiwi falls against major peers as RBNZ stands pat
Thursday, September 22, 2016 1:25 AM UTC
- AUD/NZD is currently trading around 1.0377 marks.
- Pair made intraday high at 1.0404 and low at 1.0333 marks.
- Intraday bias remains bullish till the time pair holds key support at 1.0292 marks.
- A consistent break below 1.0292 will take the parity towards key supports around1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
- On the other side, a sustained close above 1.04 will drag the parity higher towards key resistances at 1.0453/1.0581/1.0652/1.0709/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
- RBNZ keeps the official cash rate at 2.0 percent.
- RBNZ says a decline in the NZ$ is needed.
- RBNZ says further easing will be required.
- RBNZ says house price inflation remains excessive.
- RBNZ says annual CPI inflation expected to weaken in September quarter.
- RBNZ says outlook for dairy season remains very uncertain.