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 be…
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.
