FxWirePro: Kiwi falls in early hours of Asia on the back of lower than expected trade balance data
AUD/NZD is currently trading around 1.0528 marks. Pair made intraday high at 1.0538 and low at 1.0497 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0450 marks. A consistent break be…
Pair made intraday high at 1.0538 and low at 1.0497 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0450 marks.
A consistent break below 1.0450 will take the parity towards key supports around 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0543 will drag the parity higher towards key resistances at 1.0581/1.0652/1.0709/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
New Zealand’s August month trade balance NZ$-1265 million (Reuters poll -nz$765.5 million).
New Zealand’s August annual trade balance NZ$-3.1 billion (Reuters poll -NZ$2.7 billion).
New Zealand’s August month imports NZ$4.65 billion (forecast NZ$4.31 billion).
New Zealand’s August month exports NZ$ 3.39 billion (forecast poll NZ$3.57 billion).
