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FxWirePro: Kiwi gains sharply in early hours of Asia as RBNZ stands pat

  • AUD/NZD is currently trading around 1.0423 marks.
     
  • Pair made intraday high at 1.0455 and low at 1.0379 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0480 marks.  
     
  • A daily close below 1.0455 will take the parity down towards key supports around 1.0375, 1.0326 and 1.0237 marks respectively.
     
  • On the other side, a sustained close above 1.0455 will drag the parity higher towards key resistances at 1.0480/1.0516/1.0626/1.0790/1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.
     
  • RBNZ kept official cash rate at 1.75 pct.
     
  • RBNZ says lower NZ$ would help rebalance growth.
     
  • RBNZ says longer-term inflation expectations remain well-anchored at around 2 pct.
     
  • RBNZ says global growth has increased, more broad based.
     
  • RBNZ says domestic economic growth outlook remains positive.

 

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