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FxWirePro: Kiwi falls against major peers in early hours of Asia as RBNZ stands pat

  • AUD/NZD is currently trading around 1.0550 marks.
     
  • Pair made intraday high at 1.0555 and low at 1.0516 marks.
     
  • Intraday bias remains bullish till the time pair holds immediate support at 1.0507 marks.  
     
  • A consistent close below 1.0519 will take the parity down towards key supports around 1.0460, 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
     
  • On the other side, a sustained close above 1.0550 will drag the parity higher towards key resistances at 1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
     
  • RBNZ kept OCR unchanged at 1.75 percent.
     
  • RBNZ sees official cash rate at 1.8 pct in June 2017 (previous 1.7 pct).
     
  • RBNZ says sees official cash rate at 2.0 pct in March 2020.
     
  • RBNZ says decline in exchange rate is needed.
     
  • RBNZ governor says the economy is growing well.
  • Market Data
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