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FxWirePro: Kiwi falls against major peers after business confidence data

AUD/NZD is currently trading around 1.1076 marks. Pair made intraday high at 1.1080 and low at 1.0987 marks. Intraday bias remains bullish till the time pair holds key support at 1.0994 mark. A sustained close above 1.09…

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FxWirePro: Kiwi falls against major peers after business confidence data
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  • AUD/NZD is currently trading around 1.1076 marks.
     
  • Pair made intraday high at 1.1080 and low at 1.0987 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0994 mark.
     
  • A sustained close above 1.0994 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 1.0994 will take the parity down towards key supports around 1.0948, 1.0873, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • New Zealand business confidence -39.3pct in November vs -10.1 pct in previous survey.
     
  • New Zealand business own activity outlook +6.5 pct in November vs +22.2 pct in previous survey.
     
  • Australia Oct 2017 building approvals increase to 0.9 percent (forecast -1.8 percent) vs previous 0.6 percent.
     
  • Australia Oct 2017 housing credit stays flat at 0.5 percent vs previous 0.5 percent.
     
  • Australia Q3 2017 plant/machinery CAPEX decrease to 0.7 percent vs previous 2.7 percent.
     
  • Australia's S&P/ASX 200 index down 0.57 pct at 5,976.60 points in early trade.

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