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- AUD/NZD is currently trading around 1.0423 marks.
- Pair made intraday high at 1.0455 and low at 1.0379 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1.0480 marks.
- A daily close below 1.0455 will take the parity down towards key supports around 1.0375, 1.0326 and 1.0237 marks respectively.
- On the other side, a sustained close above 1.0455 will drag the parity higher towards key resistances at 1.0480/1.0516/1.0626/1.0790/1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.
- RBNZ kept official cash rate at 1.75 pct.
- RBNZ says lower NZ$ would help rebalance growth.
- RBNZ says longer-term inflation expectations remain well-anchored at around 2 pct.
- RBNZ says global growth has increased, more broad based.
- RBNZ says domestic economic growth outlook remains positive.
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