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

AUD/NZD is currently trading around 1.1198 marks. Pair made intraday high at 1.1209 and low at 1.1175 marks. Intraday bias remains slightly bullish till the time pair holds key support at 1.1178 mark. A sustained close a…

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FxWirePro: Kiwi falls against major peers on the back of lower than expected trade balance data
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  • AUD/NZD is currently trading around 1.1198 marks.
     
  • Pair made intraday high at 1.1209 and low at 1.1175 marks.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 1.1178 mark.
     
  • A sustained close above 1.1178 will drag the parity higher towards key resistances at 1.1257/1.1301/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.1178 will take the parity down towards key supports around 1.1121, 1.1027, 1.0930, 1.0873, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • New Zealand Sept month trade balance NZ$-1.14 billion.
     
  • NZ Sept month imports NZ$+4.92 billion.
     
  • NZ Sept month exports NZ$+3.78 billion.

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