FxWirePro: Kiwi strengthen in early Asia after RBNZ’s cash rate decision
Monday, March 16, 2020 1:45 AM UTC
- AUD/NZD is currently trading around 1.0145 marks.
- Pair made intraday high at 1.0308 and low at 1.0121 marks.
- Intraday bias remains bearish for the moment.
- A sustained close above 1.0350 will drag the parity higher towards key resistances around 1.0532, 1.06, 1.0654 and 1.0743 mark respectively.
- Alternatively, a daily close below 1.0192 will drag the parity lower towards key supports around 1.0121/1.0020/0.9950/0.9824/0.97 marks respectively.
- RBNZ lowers official cash rate to 0.25 pct vs 1.00 pct previous release.