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.…
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.
