FxWirePro: Kiwi rises in early Asia on robust trade balance data

• AUD/NZD is currently trading around 1.0921 marks.
   
• Pair made intraday high at 1.0933 and low at 1.0912 marks.
   
• Intraday bias remains neutral till the time pair holds key resistance at 1.0950 mark.
   
• A sustained close above 1.0929 will drag the parity higher towards key resistances at 1.0998/1.1072/1.1122 levels respectively.
   
• Alternatively, a daily close below 1.0929 will take the parity down towards key supports around 1.0852/1.0795/1.0736/1.0620/1.0572/1.0506 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
   
• New Zealand April trade balance increase to 263 mln nz vs previous -156 mln nz (revised from -86 mln nz).
   
• New Zealand April trade - exports increase to 5.05 bln nz vs previous 4.79 bln nz (revised from 4.85 bln nz).
   
• New Zealand Apr trade - imports decrease to 4.79 bln nz vs prev 4.95 bln nz (revised from 4.94 bln nz).

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