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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 1.0783 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.
  • Market Data
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