• AUD/NZD is currently trading around 1.0593 marks.
   
• Pair made intraday high at 1.0672 and low at 1.0536 marks.
   
• Intraday bias remains bearish for the moment.  
   
• In addition, a sustained close above 1.0709 will drag the parity higher towards 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
   
• Alternatively, current down fall will take the parity down towards key supports around 1.0536 1.0497, 1.0450, 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.
   
• Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend.
   
• RBNZ cut the Official Cash Rate by 25 basis points to 2.00% on Thursday.
   
• RBNZ says it cut rate because of exchange rate pressures on the economy.
   
• RBNZ says its monetary policy tools are working.
   
• RBNZ says the economy does not currently need a 50 basis point cut.
   
• RBNZ says NZD would certainly be stronger without rate cuts.
   
• RBNZ says 'race to bottom' in interest rates would stoke house price inflation.