FxWirePro: Kiwi falls against major peers as New Zealand’s PM announces unexpected resignation
AUD/NZD is currently trading around 1.0487 marks. Pair made intraday high at 1.0505 and low at 1.0412 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0415 marks. A sustained close abo…
Pair made intraday high at 1.0505 and low at 1.0412 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0415 marks.
A sustained close above 1.0501 will drag the parity higher towards key resistances at 1.0532/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
Alternatively, a consistent close below 1.0415 will take the parity down towards key supports around 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
New Zealand Prime Minister John Key unexpectedly announced his resignation on Monday.
