Thursday, October 15, 2026

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FxWirePro: Kiwi strengthens remarkably against major peers after RBNZ’s cash rate decision

AUD/NZD is currently trading around 1.0445 marks. Pair made intraday high at 1.0543 and low at 1.0429 marks. Intraday bias remains bearish till the time pair holds key resistance around 1.0545 mark. A sustained close abo…

By FxWirePro Team
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FxWirePro: Kiwi strengthens remarkably against major peers after RBNZ’s cash rate decision
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  • AUD/NZD is currently trading around 1.0445 marks.
     
  • Pair made intraday high at 1.0543 and low at 1.0429 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance around 1.0545 mark.
     
  • A sustained close above 1.0531 will drag the parity higher towards key resistances around 1.0545/1.0570/1.0590/1.0634/1.0712 levels respectively.
     
  • Alternatively, a daily close below 1.0463 will take the parity down towards key supports around 1.0432/1.0365/1.0333/1.0237  marks respectively.
     
  • New Zealand cash rate stays flat at 1.75 % (forecast 1.75 %) vs previous 1.75 %.
     
  • RBNZ sees official cash rate at 1.75 pct in March 2019.
     
  • RBNZ says monetary policy expects to keep the OCR at this level through 2019 and to 2020.
     
  • RBNZ sees official cash rate at 1.84 pct in Dec 2020.
     
  • RBNZ sees official cash rate at 2.36 pct in March 2022.
     
  • RBNZ says the direction of next OCR move could be up or down.
     
  • RBNZ says despite weaker global impetus, we expect low interest rates and govt spending to support pickup in GDP growth in 2019.

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team