Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: New Zealand dollar breaks all key resistances against Aussie after surprise rate cut by RBNZ

  • Pair is currently trading at 1.1277 levels. 
     
  • It made intraday high at 1.1282 and low at 1.1224 levels. 
     
  • Intraday bias remains bullish for the moment. 
     
  • New Zealand's Official Cash Rate was slashed from 2.5% to 2.25% on Thursday morning. 
     
  • A daily close above key resistance at 1.1298 will drag the parity towards new high around 1.1590 levels.

     
  • Alternatively, reversal from 1.1298 will turn the bias slightly bearish and take the parity towards 1.1066 levels.
     
  • Key support levels are seen at 1.1167, 1.1071 and 1.0895 levels.
     
  • On the other side, key resistance levels are seen at 1.1298, 1.1343 and 1.1439 levels.

We prefer to take long position in AUD/NZD around 1.1250, stop loss 1.1182 and target 1.1387/1.1576 levels.

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.