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FxWirePro: Kiwi appreciates against major peers as RBNZ stands pat

  • AUD/NZD is currently trading around 1.1035 marks.
     
  • Pair made intraday high at 1.1044 and low at 1.1010 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.1096 mark.
     
  • A sustained close above 1.1017 will drag the parity higher towards key resistances at 1.1096/1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.1017 will take the parity down towards key supports around 1.0930, 1.0873, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • New Zealand's Reserve Bank kept OCR unchanged at 1.75 percent.
     
  • Reserve Bank of NZ assistant Gov Mcdermott says would be good if NZ$ fell a little bit further.
     
  • Australia's S&P/ASX 200 index up 0.44 pct at 6,042.70 points in early trade.
     
  • Australia Sep housing finance decrease to -2.3 % (forecast 3.0 %) vs previous 1.5 % (revised from 1.0 %).

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