• FxWirePro: Kiwi falls against major peers after rbnz’s cash rate decision

    Source: FxWire Pro - Technicals / 06 Aug 2019 23:20:56   America/New_York

    • 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).
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