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FxWirePro: Kiwi falls sharply against major peers after GDP data

AUD/NZD is currently trading around 1.0768 marks. Pair made intraday high at 1.0770 and low at 1.0729 marks. Intraday bias remains bullish till the time pair holds key support at 1.0683 mark. A sustained close above 1.07…

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FxWirePro: Kiwi falls sharply against major peers after GDP data
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  • AUD/NZD is currently trading around 1.0768 marks.
     
  • Pair made intraday high at 1.0770 and low at 1.0729 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0683 mark.
     
  • A sustained close above 1.0733 will drag the parity higher towards key resistances at 1.0792/1.0850/1.0927/1.0998/1.1072/1.1122 levels respectively.
     
  • Alternatively, a daily close below 1.0733 will take the parity down towards key supports around 1.0658/1.0572/1.0502  marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • New Zealand Q1 2018 GDP production q/q increase to 0.5 (forecast 0.5 ).
     
  • New Zealand Q1 2018 GDP - annual increase to 2.7 (forecast 2.7 ).
     
  • New Zealand Q1 2018 GDP expenditure qq increase to 0.3 (forecast 0.1 ).

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