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FxWirePro: Kiwi falls against major peers on the back of lower than expected trade balance, business confidence data

  • AUD/NZD is currently trading around 1.0948 marks.
     
  • Pair made intraday high at 1.0959 and low at 1.0908 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0921 mark.
     
  • A sustained close above 1.0921 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 1.0921 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.
     
  • New Zealand business confidence 0.0 pct in September vs 18.3 pct in previous survey.
     
  • New Zealand business own activity outlook 29.6 pct in September vs 38.2 pct in previous survey.
     
  • New Zealand August annual trade balance NZ$-3.2 billion.

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