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FxWirePro: Kiwi falls against major peers on the back of lower than expected trade balance data

  • 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).
  • Market Data
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