FxWirePro: Kiwi falls against major peers in early hours of Asia as RBNZ stands pat
Thursday, February 9, 2017 1:09 AM UTC
- 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.