FxWirePro: Kiwi rises in early Asia on robust CPI data, Australia’s employment data in focus
AUD/NZD is currently trading around 1.0650 marks. Pair made intraday high at 1.0654 and low at 1.0607 marks. Intraday bias remains neutral till the time pair holds key resistance at 1.0670 mark. A sustained close above 1…
Pair made intraday high at 1.0654 and low at 1.0607 marks.
Intraday bias remains neutral till the time pair holds key resistance at 1.0670 mark.
A sustained close above 1.0629 will drag the parity higher towards key resistances at 1.0699/1.0802/1.0945/1.1072 levels respectively.
Alternatively, a daily close below 1.0629 will take the parity down towards key supports around 1.0572/1.0506/1.0443/1.0380/1.0305 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
New Zealand Q1 CPI qq increase to 0.5 % (forecast 0.5 %) vs previous 0.1 %.
New Zealand Q1 CPI yy decrease to 1.1 % (forecast 1.1 %) vs previous 1.6 %.
New Zealand Q1 CPI index number increase to 1011 (forecast 1010 ) vs previous 1006.
Australia's S&P/ASX 200 index up 0.71 pct at 5,902.90 points in early trade.
