FxWirePro: Kiwi falls in early hours of Asia as New Zealand’s job data fails to meet expectations
AUD/NZD is currently trading around 1.0387 marks. Pair made intraday high at 1.0408 and low at 1.0370 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0354 marks. A consistent close be…
Pair made intraday high at 1.0408 and low at 1.0370 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0354 marks.
A consistent close below 1.0354 will take the parity down towards key supports around 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0370 will drag the parity higher towards key resistances at 1.0417/1.0470/1.0532/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
