FxWirePro: Kiwi falls against major peers on the back of lower than expected GDP data
AUD/NZD is currently trading around 1.0280 marks. Pair made intraday high at 1.0294 and low at 1.0237 marks. Intraday bias remains bullish till the time pair holds key support at 1.0237 marks. A consistent break below 1.…
Pair made intraday high at 1.0294 and low at 1.0237 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0237 marks.
A consistent break below 1.0237 will take the parity towards key supports around 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0338 will drag the parity higher towards key resistances at 1.0453/1.0581/1.0652/1.0709/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
New Zealand’s Q2 production based GDP +0.9 pct on previous quarter (Reuters poll +1.1 pct).
New Zealand’s Q2 production based GDP +3.6 pct on same quarter year ago (Reuters poll +3.7 pct).
Australia will release employment data at 0130 GMT.
