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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 1.0237 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.
  • Market Data
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