FxWirePro: Kiwi falls in early hours of Asia after New Zealand’s PPI data
AUD/NZD is currently trading around 1.0682 marks. Pair made intraday high at 1.0683 and low at 1.0648 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0628 marks. A daily close below 1…
Pair made intraday high at 1.0683 and low at 1.0648 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0628 marks.
A daily close below 1.0673 will take the parity down towards key supports around 1.0594, 1.0552, 1.0516, 1.0460, 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0673 will drag the parity higher towards key resistances at 1.0735/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
New Zealand’s Q4 producer price index inputs +1.0 pct (poll 0.9 pct).
New Zealand’s Q4 producer price index outputs +1.5 pct (poll 0.6 pct).
