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 1.04…
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.
