FxWirePro: Kiwi falls on the back of lower than expected GDP data, Australia’s employment data in focus
AUD/NZD is currently trading around 1.0469 marks. Pair made intraday high at 1.0483 and low at 1.0427 marks. Intraday bias remains bullish till the time pair holds key support at 1.0437 marks. A daily close below 1.0437 …
Pair made intraday high at 1.0483 and low at 1.0427 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0437 marks.
A daily close below 1.0437 will take the parity down towards key supports around 1.0391 and 1.0326 marks respectively.
On the other side, a sustained close above 1.0437 will drag the parity higher towards key resistances at 1.0516/1.0626/1.0790/1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.
New Zealand released GDP data with negative numbers at 0.5 pct q/q vs 0.7 pct poll (previous 0.4 pct).
Australia will release employment data at 0130 GMT.
