FxWirePro: Kiwi weakens severely against major peers after RBNZ’s cash rate decision
AUD/NZD is currently trading around 1.1125 marks. Pair made intraday high at 1.1137 and low at 1.1010 marks. Intraday bias remains bullish till the time pair holds key support at 1.1010 mark. A sustained close above 1.10…
Pair made intraday high at 1.1137 and low at 1.1010 marks.
Intraday bias remains bullish till the time pair holds key support at 1.1010 mark.
A sustained close above 1.1010 will drag the parity higher towards key resistances at 1.1180/1.1268/1.1422/1.1526 levels respectively.
Alternatively, a daily close below 1.1010 will take the parity down towards key supports around 1.0922/1.0844/1.0782/1.0658/1.0572/1.0502 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
RBNZ cash rate stays flat at 1.75 % (forecast 1.75 %) vs previous 1.75 %.
RBNZ sees official cash rate at 1.8 pct in December 2019 (previous 1.9 pct).
RBNZ head says we’d be sensitive to continued downside surprises to GDP.
