FxWirePro: Kiwi strengthens against major peers after GDP data
AUD/NZD is currently trading around 1.0498 marks. Pair made intraday high at 1.0534and low at 1.0489 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0550 mark. A sustained close above 1.…
Pair made intraday high at 1.0534and low at 1.0489 marks.
Intraday bias remains bearish till the time pair holds key resistance at 1.0550 mark.
A sustained close above 1.0534 will drag the parity higher towards key resistances around 1.0580, 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
Alternatively, a daily close below 1.0504 will take the parity down towards key supports around 1.0449/1.0364/1.0275/1.0237/1.0192 marks respectively.
New Zealand Q1 2019 GDP prod based qq, sa stays flat at 0.6 % (forecast 0.6 %) vs previous 0.6 %.
New Zealand Q1 2019 GDP prod based yy, sa stays flat at 2.5 % (forecast 2.4 %) vs previous 2.5 % (revised from 2.3 %).
New Zealand Q1 2019 GDP exp based qq, sa increase to 0.8 % (forecast 0.6 %) vs previous 0.6 % (revised from 0.5 %).
