FxWirePro: Kiwi gains against major peers after S&P declares New Zealand’s ratings
AUD/NZD is currently trading around 1.0499 marks. Pair made intraday high at 1.0526 and low at 1.0494 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0543 marks. A consistent close…
Pair made intraday high at 1.0526 and low at 1.0494 marks.
Intraday bias remains bearish till the time pair holds immediate resistance at 1.0543 marks.
A consistent close below 1.0512 will take the parity down towards key supports around 1.0465, 1.0420, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0512 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) /1.1123/1.1298/1.1317 levels respectively.
S&P says New Zealand ratings affirmed; outlook remains stable.
S&P says New Zealand has monetary and fiscal flexibility, a resilient economy.
S&P says New Zealand has institutions conducive to swift and decisive policy actions.
S&P - Outlook reflects expectation that New Zealand will maintain or improve fiscal performance over medium term.
