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FxWirePro: Kiwi falls sharply against major peers after after mixed economic data sets

AUD/NZD is currently trading around 1.0815 marks. Pair made intraday high at 1.0819 and low at 1.0776 marks. Intraday bias remains bullish till the time pair holds key support at 1.0736 mark. A sustained close above 1.07…

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FxWirePro: Kiwi falls sharply against major peers after after mixed economic data sets
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  • AUD/NZD is currently trading around 1.0815 marks.
     
  • Pair made intraday high at 1.0819 and low at 1.0776 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0736 mark.
     
  • A sustained close above 1.0783 will drag the parity higher towards key resistances at 1.0850/1.0927/1.0998/1.1072/1.1122 levels respectively.
     
  • Alternatively, a daily close below 1.0783 will take the parity down towards key supports around 1.0736/1.0658/1.0572/1.0502  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 May 2018 trade balance increase to 294.
     
  • New Zealand May 2018 trade balance increase to -3.6.
     
  • New Zealand June 2018 business outlook -39 vs previous -27.2.
     
  • New Zealand June 2018 own activity increase to 9.4.

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