FxWirePro: Kiwi falls sharply against major peers after after mixed economic data sets
Wednesday, June 27, 2018 1:27 AM UTC
- 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.