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FxWirePro: Kiwi gains in early hours of Asia on robust CPI data

  • AUD/NZD is currently trading around 1.0375 marks.
     
  • Pair made intraday high at 1.0389 and low at 1.0359 marks.
     
  • Intraday bias remains bearish till the time pair holds immediate resistance at 1.0470 marks.  
     
  • A consistent close below 1.0372 will take the parity down towards key supports around 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
     
  • On the other side, a sustained close above 1.0372 will drag the parity higher towards key resistances at 1.0470/1.0532/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
     
  • New Zealand’s Q4 consumer price index +0.4 pct vs previous qtr (poll +0.3 pct).
     
  • New Zealand’s Q4 consumer price index +1.3 pct vs year ago (poll +1.2 pct).
     
  • New Zealand’s Q4 consumer price index non-tradables +0.6 pct vs previous qtr.
     
  • New Zealand’s Q4 consumer price index non-tradables +2.4 pct vs year ago.
  • Market Data
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