FxWirePro: Kiwi trades marginally lower after mixed economic data

• AUD/NZD is currently trading around 1.0582 marks.
   
• Pair made intraday high at 1.0588 and low at 1.0559 marks.
   
• Intraday bias remains slightly bullish till the time pair holds key support at 1.0556 mark.
   
• A sustained close above 1.0559 will drag the parity higher towards key resistances at 1.0627/1.0652/1.0705/1.0802/1.0945/1.1072 levels respectively.
   
• Alternatively, a daily close below 1.0559 will take the parity down towards key supports around 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 March NBNZ business outlook decrease to -20 % vs previous -19 %.
   
• New Zealand March NBNZ own activity increase to 21.8 % vs previous 20.4 %.

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