FxWirePro: Kiwi falls against major peers on the back of lower than expected trade balance data
AUD/NZD is currently trading around 1.0842 marks. Pair made intraday high at 1.0855 and low at 1.0813 marks. Intraday bias remains bullish till the time pair holds key support at 1.0810 mark. A sustained close above 1.08…
Pair made intraday high at 1.0855 and low at 1.0813 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0810 mark.
A sustained close above 1.0813 will drag the parity higher towards key resistances around 1.0895/1.0955/1.1002/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
Alternatively, a daily close below 1.0813 will take the parity down towards key supports around 1.0757/1.0658/1.0572/1.0502 marks respectively.
New Zealand Sep 2018 trade balance decrease to -1560 nzd vs previous -1470 nzd (revised from -1484 nzd).
New Zealand Sep 2018 imports increase to 5.89 nzd vs previous 5.44 nzd (revised from 5.54 nzd).
New Zealand Sep 2018 exports increase to 4.33 nzd vs previous 3.97 nzd (revised from 4.05 nzd).
