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FxWirePro: Kiwi falls against major peers just after GDP data

AUD/NZD is currently trading around 1.0914 marks. Pair made intraday high at 1.0934 and low at 1.0900 marks. Intraday bias remains neutral till the time pair holds key support at 1.0889 mark. A sustained close above 1.09…

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FxWirePro: Kiwi falls against major peers just after GDP data
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  • AUD/NZD is currently trading around 1.0914 marks.
     
  • Pair made intraday high at 1.0934 and low at 1.0900 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 1.0889 mark.
     
  • A sustained close above 1.0915 will drag the parity higher towards key resistances at 1.0986/1.1045/1.1178/1.1224/1.1301/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.0915 will take the parity down towards key supports around 1.0889, 1.0798, 1.0737, 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
     
  • New Zealand Q2 s/adj production based GDP +0.8 pct on previous quarter (poll +0.8 pct).
     
  • New Zealand Q2 s/adj production based GDP +2.5 pct on same qtr year ago (poll +2.5 pct).

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