FxWirePro: Kiwi falls in early hours of Asia on the back of lower than expected trade balance data
Monday, September 26, 2016 1:20 AM UTC
- 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 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).