FxWirePro: Kiwi strengthens against major peers as RBNZ keeps official cash rate unchanged
Wednesday, September 25, 2019 2:12 AM UTC
- AUD/NZD is currently trading around 1.0720 marks.
- Pair made intraday high at 1.0764 and low at 1.0717 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1.0820 mark.
- A sustained close above 1.0752 will drag the parity higher towards key resistances around 1.0820, 1.0856, 1.0882 and 1.0951 levels respectively.
- Alternatively, a daily close below 1.0752 will take the parity down towards key supports around 1.0709/1.0640/1.0560/1.0518/1.0407/1.0339 marks respectively.
- RBNZ keeps interest rate unchanged at 1.00 pct.
- Kiwi trade balance stands at -1565M vs -700M previous release (expected -1190M).