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FxWirePro: Kiwi falls against major peers as RBNZ stands pat

  • 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.
  • Market Data
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