FxWirePro: AUD/NZD spikes on positive Chinese data, focus shifts to GDT auction
Wednesday, July 15, 2015 4:41 AM UTC
- A slew of better-than expected Chinese macro data boosted the Aussie across the board
- AUD/NZD opened at 1.1078 and rose to six-day highs by 1.1150, currently trading at 1.1132 up around 0.35% on the day
- Positive Chinese GDP, retail sales and industrial production data eased concerns over slowdown in China
- Kiwi however showed muted response to positive China data, focus lies on tonight's GDT release which may provide further cues on RBNZ policy stance
- Resistance seen at 1.1159 (4h cloud top), while immediate support lies at 1.1077 (4h 20 MA)
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