FxWirePro: Kiwi strengthens in early Asia after mixed economic data
AUD/NZD is currently trading around 1.0890 marks. Pair made intraday high at 1.0921 and low at 1.0862 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0930 mark. A sustained clos…
Pair made intraday high at 1.0921 and low at 1.0862 marks.
Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0930 mark.
A sustained close above 1.0903 will drag the parity higher towards key resistances at 1.0976/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
Alternatively, a daily close below 1.0903 will take the parity down towards key supports around 1.0844/1.0782/1.0658/1.0572/1.0502 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
New Zealand Aug 2018 trade balance decrease to -1484 nzd vs previous -196 nzd (revised from -143 nzd).
New Zealand Sep 2018 business outlook increase to -38.3 % vs previous -50.3 %.
New Zealand Sep 2018 own activity increase to 7.8 % vs previous 3.8 %.
