FxWirePro: Kiwi trades marginally higher in early Asia on robust trade balance data
Tuesday, January 29, 2019 1:08 AM UTC
- AUD/NZD is currently trading around 1.0468 marks.
- Pair made intraday high at 1.0495 and low at 1.0463 marks.
- Intraday bias remains bearish for the moment.
- A sustained close above 1.0489 will drag the parity higher towards key resistances around 1.0510/1.0570/1.0590/1.0634/1.0712 levels respectively.
- Alternatively, a daily close below 1.0489 will take the parity down towards key supports around 1.0432/1.0333/1.0237 marks respectively.
- New Zealand Dec 2018 trade balance increase to 264 nzd vs previous -955 nzd (revised from -861 nzd).
- New Zealand Dec 2018 imports decrease to 5.22 nzd vs previous 5.86 nzd (revised from 5.8 nzd).
- New Zealand Dec 2018 exports increase to 5.48 nzd vs previous 4.91 nzd (revised from 4.94 nzd).