Thursday, October 15, 2026

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FxWirePro: Kiwi strengthens against major peers despite lower than expected CPI data

AUD/NZD is currently trading around 1.0930 marks. Pair made intraday high at 1.0969 and low at 1.0923 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0975 mark. A sustained clos…

By FxWirePro Team
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FxWirePro: Kiwi strengthens against major peers despite lower than expected CPI data
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  • AUD/NZD is currently trading around 1.0930 marks.
     
  • Pair made intraday high at 1.0969 and low at 1.0923 marks.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0975 mark.
     
  • A sustained close above 1.0966 will drag the parity higher towards key resistances at 1.1020/1.1072/1.1122/1.1180 levels respectively.
     
  • Alternatively, a daily close below 1.0966 will take the parity down towards key supports around 1.0892/1.0782/1.0658/1.0572/1.0502  marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • New Zealand Q2 2018 CPI q/q decrease to 0.4 (forecast 0.5, previous 0.5).
     
  • New Zealand Q2 2018 CPI y/y stands at 1.5 (forecast 1.6, previous 1.1).

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team