FxWirePro: Kiwi rises in early Asia on robust trade balance data
AUD/NZD is currently trading around 1.0921 marks. Pair made intraday high at 1.0933 and low at 1.0912 marks. Intraday bias remains neutral till the time pair holds key resistance at 1.0950 mark. A sustained close above 1…
Pair made intraday high at 1.0933 and low at 1.0912 marks.
Intraday bias remains neutral till the time pair holds key resistance at 1.0950 mark.
A sustained close above 1.0929 will drag the parity higher towards key resistances at 1.0998/1.1072/1.1122 levels respectively.
Alternatively, a daily close below 1.0929 will take the parity down towards key supports around 1.0852/1.0795/1.0736/1.0620/1.0572/1.0506 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
New Zealand April trade balance increase to 263 mln nz vs previous -156 mln nz (revised from -86 mln nz).
New Zealand April trade - exports increase to 5.05 bln nz vs previous 4.79 bln nz (revised from 4.85 bln nz).
New Zealand Apr trade - imports decrease to 4.79 bln nz vs prev 4.95 bln nz (revised from 4.94 bln nz).
