FxWirePro: Kiwi depreciates in early Asia as trade balance data fails to match expectations
AUD/NZD is currently trading around 1.1064 marks. Pair made intraday high at 1.1077 and low at 1.1060 marks. Intraday bias remains slightly bullish till the time pair holds key support at 1.1052 mark. A sustained close a…
Pair made intraday high at 1.1077 and low at 1.1060 marks.
Intraday bias remains slightly bullish till the time pair holds key support at 1.1052 mark.
A sustained close above 1.1063 will drag the parity higher towards key resistances at 1.1116/1.1163/1.1238/1.1289/1.1384/1.1456 levels respectively.
Alternatively, a daily close below 1.1063 will take the parity down towards key supports around 1.1012, 1.0989, 1.0930, 1.0873, 1.0798, 1.0737 and 1.0693 marks respectively.
Australia's S&P/ASX 200 index down 0.29 pct at 5,968.90 points in early trade.
New Zealand reported a trade balance deficit of NZ$871 million in October, wider than the NZ$750 million expected.
New Zealand Oct 2017 trade - exports increase to 4.56 bln vs previous 3.78 bln (revised from 4.56 bln).
New Zealand Oct 2017 trade - imports increase to 5.43 bln vs previous 4.92 bln (revised from 5.43 bln).
