FxWirePro: Kiwi strengthens against major peers as RBNZ keeps official cash rate unchanged
AUD/NZD is currently trading around 1.0720 marks. Pair made intraday high at 1.0764 and low at 1.0717 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0820 mark. A sustained close above 1…
Pair made intraday high at 1.0764 and low at 1.0717 marks.
Intraday bias remains bearish till the time pair holds key resistance at 1.0820 mark.
A sustained close above 1.0752 will drag the parity higher towards key resistances around 1.0820, 1.0856, 1.0882 and 1.0951 levels respectively.
Alternatively, a daily close below 1.0752 will take the parity down towards key supports around 1.0709/1.0640/1.0560/1.0518/1.0407/1.0339 marks respectively.
RBNZ keeps interest rate unchanged at 1.00 pct.
Kiwi trade balance stands at -1565M vs -700M previous release (expected -1190M).
