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FxWirePro: Kiwi falls in early Asia as trade balance, current account data miss expectations

AUD/NZD is currently trading around 1.0976 marks. Pair made intraday high at 1.0993 and low at 1.0971 marks. Intraday bias remains neutral till the time pair holds key resistance at 1.0995 mark. A sustained close above 1…

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FxWirePro: Kiwi falls in early Asia as trade balance, current account data miss expectations
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  • AUD/NZD is currently trading around 1.0976 marks.
     
  • Pair made intraday high at 1.0993 and low at 1.0971 marks.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 1.0995 mark.
     
  • A sustained close above 1.0987 will drag the parity higher towards key resistances at 1.1035/1.1113/1.1163/1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.0987 will take the parity down towards key supports around 1.0910, 1.0830, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • New Zealand Q3 actual c/account balance NZ$-4.679 bln (poll NZ$-4.290 bln).
     
  • New Zealand Nov month trade balance NZ$-1.19 billion.
     
  • Australia's S&P/ASX 200 index down 0.21 pct at 6,058.80 points in early trade.

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