FxWirePro: Kiwi falls drastically against major peers after Central bank cuts benchmark cash rate to 1.50 pct
AUD/NZD is currently trading around 1.0680 marks. Pair made intraday high at 1.0723 and low at 1.0614 marks. Intraday bias remains bullish till the time pair holds key support at 1.0600 mark. A sustained close above 1.06…
Pair made intraday high at 1.0723 and low at 1.0614 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0600 mark.
A sustained close above 1.0617 will drag the parity higher towards key resistances around 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
Alternatively, a daily close below 1.0617 will take the parity down towards key supports around 1.0532/1.0449/1.0364/1.0275/1.0237/1.0192 marks respectively.
New Zealand May cash rate decrease to 1.5 % (forecast 1.5 %) vs previous 1.75 %.
