FxWirePro: Kiwi remains highly volatile in early Asia as RBNZ keeps official cash rate steady
AUD/NZD is currently trading around 1.0716 marks. Pair made intraday high at 1.0733 and low at 1.0711 marks. Intraday bias remains neutral till the time pair holds key resistance at 1.0747 mark. A sustained close above 1…
Pair made intraday high at 1.0733 and low at 1.0711 marks.
Intraday bias remains neutral till the time pair holds key resistance at 1.0747 mark.
A sustained close above 1.0688 will drag the parity higher towards key resistances around 1.0747/1.0798/1.0877/1.0955/1.1002/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
Alternatively, a daily close below 1.0688 will take the parity down towards key supports around 1.0658/1.0572/1.0502/1.0432 marks respectively.
New Zealand Nov cash rate stays flat at 1.75 % (forecast 1.75 %) vs previous 1.75 %.
