FxWirePro: Kiwi falls noticeably against major peers after RBNZ’s cash rate decision

• AUD/NZD is currently trading around 1.0858 marks.
   
• Pair made intraday high at 1.0860 and low at 1.0800 marks.
   
• Intraday bias remains bullish till the time pair holds key support at 1.0747 mark.
   
• A sustained close above 1.0805 will drag the parity higher towards key resistances at 1.0870/1.0945/1.1072/1.1113/1.1163/1.1238/1.1289/1.1384 levels respectively.
   
• Alternatively, a daily close below 1.0805 will take the parity down towards key supports around 1.0747, 1.0693 and 1.0648 marks respectively.
   
• New Zealand Central Bank interest rate stays flat at 1.75 % (forecast 1.75 %) vs previous 1.75 %.
   
• RBNZ says NZ$ has firmed, assume it will ease in the period ahead.
   
• RBNZ sees annual CPI 1.7 pct by march 2019 (previous 2.0 pct).
   
• RBNZ says domestic economic growth is projected to strengthen.
   
• RBNZ says has revised down net impact of new government policies in near term.

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