FxWirePro: Kiwi rises in early Asia on robust CPI data, Australia’s employment data in focus

• AUD/NZD is currently trading around 1.0650 marks.
   
• Pair made intraday high at 1.0654 and low at 1.0607 marks.
   
• Intraday bias remains neutral till the time pair holds key resistance at 1.0670 mark.
   
• A sustained close above 1.0629 will drag the parity higher towards key resistances at 1.0699/1.0802/1.0945/1.1072 levels respectively.
   
• Alternatively, a daily close below 1.0629 will take the parity down towards key supports around 1.0572/1.0506/1.0443/1.0380/1.0305 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
   
• New Zealand Q1 CPI qq increase to 0.5 % (forecast 0.5 %) vs previous 0.1 %.
   
• New Zealand Q1 CPI yy decrease to 1.1 % (forecast 1.1 %) vs previous 1.6 %.
   
• New Zealand Q1 CPI index number increase to 1011 (forecast 1010 ) vs previous 1006.
   
• Australia's S&P/ASX 200 index up 0.71 pct at 5,902.90 points in early trade.

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