FxWirePro: Kiwi falls sharply against major peers as CPI data fails to meet expectations
AUD/NZD is trading around 1.0716 marks highest since June 07, 2016. Pair made intraday high at 1.0741 and low at 1.0611 marks. Intraday bias remains bullish for the moment. On the top side, a sustained close above 1.0748…
AUD/NZD is trading around 1.0716 marks highest since June 07, 2016.
Pair made intraday high at 1.0741 and low at 1.0611 marks.
Intraday bias remains bullish for the moment.
On the top side, a sustained close above 1.0748 will drag the parity higher towards 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.
Alternatively, a sustained break below 1.06 mark will take the parity down towards key supports around 1.0560, 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.
New Zealand’s Q2 consumer price index +0.4 pct vs previous qtr (poll +0.5 pct).
New Zealand’s Q2 consumer price index non-tradable +0.3 pct vs previous qtr.
New Zealand’s Q2 consumer price index non-tradable +1.8 pct vs yr ago.
