FxWirePro: Kiwi falls harshly against major peers after RBNZ’s monetary policy statements, AUD/NZD hits fresh 2-month high at 1.0777 mark

• AUD/NZD is currently trading around 1.0768 marks.
   
• Pair made intraday high at 1.0777 and low at 1.0681 marks.
   
• Intraday bias remains bullish till the time pair holds key support at 1.0658 mark.
   
• A sustained close above 1.0681 will drag the parity higher towards key resistances at 1.0802/1.0945/1.1072 levels respectively.
   
• Alternatively, a daily close below 1.0681 will take the parity down towards key supports around 1.0620/1.0572/1.0506/1.0443/1.0380/1.0305 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• New Zealand cash rate stays flat at 1.75 % (forecast 1.75 %) vs previous 1.75 %.
   
• RBNZ sees official cash rate at 1.8 pct in September 2018 (previous 1.8 pct).
   
• RBNZ says expect to keep ocr at this expansionary level for a considerable period of time.
   
• RBNZ makes no mention of NZ dollar in statement.

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