FxWirePro: Kiwi falls as New Zealand’s trade balance misses expectations

• AUD/NZD is currently trading around 1.0409 marks.
   
• Pair made intraday high at 1.0420 and low at 1.0398 marks.
   
• Intraday bias remains bullish till the time pair holds key support at 1.0378 marks.  
   
• A daily close below 1.0406 will take the parity down towards key supports around 1.0375, 1.0326 and 1.0237 marks respectively.
   
• On the other side, a sustained close above 1.0406 will drag the parity higher towards key resistances at 1.0455/1.0516/1.0626/1.0790/1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.
   
• New Zealand May annual trade balance nz$-3.75 billion.
   
• New Zealand May month trade balance nz$+103.00 million.
   
• New Zealand May month imports nz$+4.85 billion.
   
• New Zealand May month exports nz$+4.95 billion.

 

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