- AUD/NZD is currently trading around 1.0646 marks.
- Pair made intraday high at 1.0650 and low at 1.0623 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1.0705 mark.
- A sustained close above 1.0635 will drag the parity higher towards key resistances at 1.0705/1.0802/1.0945/1.1072/1.1113 levels respectively.
- Alternatively, a daily close below 1.0635 will take the parity down towards key supports around 1.0550/1.0443/1.0380/1.0305 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- NZ Feb trade - imports decrease to 4.24 bln nz vs previous 4.94 bln nz (revised from 4.87 bln nz).
- NZ Feb trade balance increase to 217 mln nz vs previous -655 mln nz (revised from -566 mln nz).
- NZ Feb trade balance yy increase to -3.02 bln nz vs previous -3.28 bln nz (revised from -3.22 bln nz).
- NZ Feb trade - exports increase to 4.46 bln nz vs previous 4.29 bln nz (revised from 4.31 bln nz).
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