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FxWirePro: Kiwi strengthens against major peers immediately after CPI data, reverses previous gain

AUD/NZD is currently trading around 1.0727 marks. Pair made intraday high at 1.0741 and low at 1.0682 marks. Intraday bias remains neutral till the time pair holds key support at 1.0682 marks. A sustained close above 1.0…

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FxWirePro: Kiwi strengthens against major peers immediately after CPI data, reverses previous gain
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  • AUD/NZD is currently trading around 1.0727 marks.
     
  • Pair made intraday high at 1.0741 and low at 1.0682 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 1.0682 marks.
     
  • A sustained close above 1.0756 will drag the parity higher towards key resistances around 1.0820, 1.0882 and 1.0951 levels respectively.
     
  • Alternatively, a daily close below 1.0682 will take the parity down towards key supports around 1.0640/1.0560/1.0518/1.0407/1.0339 marks respectively.
     
  • Kiwi CPI q/q stands at 0.7 pct vs 0.6 pct previous release (expected 0.6).

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