FxWirePro: Kiwi falls against major peers after RBNZ’s cash rate decision
Wednesday, August 7, 2019 3:05 AM UTC
- AUD/NZD is currently trading around 1.0451 marks.
- Pair made intraday high at 1.0482 and low at 1.0334 marks.
- Intraday bias remains bullish till the time pair holds key support at 1.0344 mark.
- A sustained close above 1.0354 will drag the parity higher towards key resistances around 1.0528, 1.0580, 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
- Alternatively, a daily close below 1.0344 will take the parity down towards key supports around 1.0275/1.0237/1.0192/1.0123 marks respectively.
- RBNZ reduces official cash rate to 1.00 pct vs 1.5 pct previous release(expected 1.25 pct).