The RBNZ left official cash rate at the record low of 1.75%. Rate statement doesn't differ much from the previous one but the bank says that "monetary policy will remain accommodative for a considerable period". Language on exchange rate didn't change but they'd like their currency lower.
Kiwi started to fall before the announcement and is currently trading a cent below the pre-announcement levels. 0.72 is the immediate support but 0.71 - 0.7125 band, where 50, 100 and 200 DMA converge, looks like a stronger one. 0.7225 - 0.7250 is the initial resistance.
Kiwi started to fall before the announcement and is currently trading a cent below the pre-announcement levels. 0.72 is the immediate support but 0.71 - 0.7125 band, where 50, 100 and 200 DMA converge, looks like a stronger one. 0.7225 - 0.7250 is the initial resistance.