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High volatility moves are expected as the Reserve Bank of New Zealand (RBNZ) is heading to announce policy decision. A rate cut is widely expected so there could be big gyrations in the absence of that.
- EUR/NZD – Currently trading at 1.541, key supports lie at 1.535 and 1.51 area. Key resistances lie at 1.564 and 1.584 area
- GBP/NZD – Currently trading at 1.803, key supports lie at 1.772 area. Key resistances lie at 1.821, 1.844, and 1.87 area
- AUD/NZD – Currently trading at 1.067, key supports lie at 1.03, and at parity. Key resistances lie at 1.076, and 1.097 area.
- NZD/USD – Currently trading at 0.726, key supports lie at 0.71 and 0.698 area. Key resistances lie at 0.732, and 0.756 area.
- NZD/JPY – Currently trading at 73.4, key supports lie at 71.2 and 69.2 area. Key resistances lie at 73.3, and 75 area.
