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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 1.09…

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