FxWirePro: Kiwi falls against major peers on the back of lower than expected GDP data
Thursday, September 15, 2016 1:09 AM UTC
- 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 1.0237 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.