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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 1.0994 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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