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FxWirePro: Kiwi trades marginally lower against major peers ahead of RBNZ’s cash rate decision

AUD/NZD is currently trading around 1.0490 marks. Pair made intraday high at 1.0500 and low at 1.0480 marks. Intraday bias remains neutral till the time pair holds key support at 1.0483 mark. A sustained close above 1.04…

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FxWirePro: Kiwi trades marginally lower against major peers ahead of RBNZ’s cash rate decision
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  • AUD/NZD is currently trading around 1.0490 marks.
     
  • Pair made intraday high at 1.0500 and low at 1.0480 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 1.0483 mark.
     
  • A sustained close above 1.0483 will drag the parity higher towards key resistances around 1.0580, 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
     
  • Alternatively, a daily close below 1.0483 will take the parity down towards key supports around 1.0449/1.0364/1.0275/1.0237/1.0192 marks respectively.

RBNZ will release cash rate decision at 0200 GMT.

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