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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 1.08…

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