FxWirePro: Kiwi falls against major peers on the back of lower than expected trade balance data
Thursday, October 25, 2018 1:41 AM UTC
- AUD/NZD is currently trading around 1.0842 marks.
- Pair made intraday high at 1.0855 and low at 1.0813 marks.
- Intraday bias remains bullish till the time pair holds key support at 1.0810 mark.
- A sustained close above 1.0813 will drag the parity higher towards key resistances around 1.0895/1.0955/1.1002/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
- Alternatively, a daily close below 1.0813 will take the parity down towards key supports around 1.0757/1.0658/1.0572/1.0502 marks respectively.
- New Zealand Sep 2018 trade balance decrease to -1560 nzd vs previous -1470 nzd (revised from -1484 nzd).
- New Zealand Sep 2018 imports increase to 5.89 nzd vs previous 5.44 nzd (revised from 5.54 nzd).
- New Zealand Sep 2018 exports increase to 4.33 nzd vs previous 3.97 nzd (revised from 4.05 nzd).