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FxWirePro: Kiwi falls against major peers as business confidence, capacity utilisation data fail to meet expectations

  • AUD/NZD is currently trading around 1.0884 marks.
     
  • Pair made intraday high at 1.0891 and low at 1.0873 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 1.0852 mark.
     
  • A sustained close above 1.0873 will drag the parity higher towards key resistances at 1.0905/1.0986/1.1045/1.1178/1.1224/1.1301/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.0873 will take the parity down towards key supports around 1.0852, 1.0798, 1.0737, 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
     
  • Australia Aug private house approvals decrease to -0.6 % vs previous 1 % (revised from 0 %).
     
  • Australia Aug building approvals increase to 0.4 % (forecast -0.5 %) vs previous -1.2 % (revised from -1.7 %).
     
  • Australia Aug HIA new home sales m/m increase to 9.1 % vs previous -3.7 %.
     
  • New Zealand Q3 business confidence falls 18-month low of 5 pct vs 18 pct previous qtr.
     
  • New Zealand Q3 capacity utilisation 91.3 pct vs 92.1 pct in previous qtr.
     
  • Australia's S&P/ASX 200 index up 0.12 pct at 5,736.40 points in early trade.
     
  • RBA will release cash rate decision at 0330 GMT.

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