FxWirePro: Kiwi strengthens against major peers on robust overseas trade index data
AUD/NZD is currently trading around 1.0507 marks. Pair made intraday high at 1.0526 and low at 1.0504 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0558 marks. A sustained close above …
Pair made intraday high at 1.0526 and low at 1.0504 marks.
Intraday bias remains bearish till the time pair holds key resistance at 1.0558 marks.
A sustained close above 1.0558 will drag the parity higher towards key resistances around 1.06, 1.0654, 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
Alternatively, a daily close below 1.0526 will take the parity down towards key supports around 1.0465/1.0407/1.0339 marks respectively.
Aussie AIG manufacturing index stands at 48.1 pct vs 51.6 pct previous release.
Aussie building approvals m/m stands at -8.1 pct vs 7.2 pct previous release (expected -1.0).
Kiwi overseas trade index q/q stands at 1.9 pct vs 1.4 pct previous release (expected 1.1).
