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FxWirePro: Kiwi strengthens remarkably against major peers as RBNZ keeps official cash rate unchanged

AUD/NZD is currently trading around 1.0684 marks. Pair made intraday high at 1.0806 and low at 1.0677 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0833 marks. A sustained close above …

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FxWirePro: Kiwi strengthens remarkably against major peers as RBNZ keeps official cash rate unchanged
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  • AUD/NZD is currently trading around 1.0684 marks.
     
  • Pair made intraday high at 1.0806 and low at 1.0677 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0833 marks.
     
  • A sustained close above 1.0833 will drag the parity higher towards key resistances around 1.0882, 1.0951 and 1.1145 levels respectively.
     
  • Alternatively, a daily close below 1.0670 will take the parity down towards key supports around 1.0560/1.0518/1.0407/1.0339 marks respectively.
     
  • RBNZ keeps cash rate unchanged at 1.00 pct.
     
  • Aussie’s wage price index stands at 0.5 pct vs 0.5 pct previous release (expected 0.5 pct).
     
  • Aussie’s Westpac consumer sentiment stands at 4.5 pct vs -5.5 pct previous release.

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