FxWirePro: Kiwi strengthens against major peers after trade balance data
AUD/NZD is currently trading around 1.0488 marks. Pair made intraday high at 1.0524 and low at 1.0481 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 1.0524 and low at 1.0481 marks.
Intraday bias remains bearish till the time pair holds key resistance at 1.0550 mark.
A sustained close above 1.0518 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 1.0518 will take the parity down towards key supports around 1.0449/1.0364/1.0275/1.0237/1.0192 marks respectively.
New Zealand May 2019 imports increase to 5.54 nzd vs previous 5.12 nzd (revised from 5.11 nzd).
New Zealand May 2019 trade balance decrease to 264 nzd vs previous 383 nzd (revised from 433 nzd).
New Zealand May 2019 annual trade balance increase to -5.49 nzd vs previous -5.56 nzd (revised from -5.48 nzd).
New Zealand May 2019 exports increase to 5.81 nzd vs previous 5.5 nzd (revised from 5.55 nzd).
