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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 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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