FxWirePro: Kiwi gains against major peers on robust GDP data
AUD/NZD is currently trading around 1.0485 marks. Pair made intraday high at 1.0496 and low at 1.0463 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0517 marks. A consistent close…
Pair made intraday high at 1.0496 and low at 1.0463 marks.
Intraday bias remains bearish till the time pair holds immediate resistance at 1.0517 marks.
A consistent close below 1.0486 will take the parity down towards key supports around 1.0421, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0517 will drag the parity higher towards key resistances at 1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
New Zealand released GDP data with positive numbers at 1.1% Q/Q vs 0.7% Q/Q previous release.
