FxWirePro: Kiwi strengthens on robust trade balance data
AUD/NZD is currently trading around 1.1043 marks. Pair made intraday high at 1.1058 and low at 1.1038 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 1.1072 mark. A sustained clos…
Pair made intraday high at 1.1058 and low at 1.1038 marks.
Intraday bias remains slightly bearish till the time pair holds key resistance at 1.1072 mark.
A sustained close above 1.1050 will drag the parity higher towards key resistances at 1.1113/1.1163/1.1238/1.1289/1.1384 levels respectively.
Alternatively, a daily close below 1.1050 will take the parity down towards key supports around 1.1018, 1.0902, 1.0830, 1.0798, 1.0737 and 1.0693 marks respectively.
New Zealand Dec trade balance increase to 640 mln nz vs prev -1233 mln nz (revised from -1193 mln nz).
Australia Dec NAB business conditions increase to 13 vs previous 12.
Australia Dec NAB business confidence increase to 11 vs previous 6.
Australia's S&P/ASX 200 index down 0.47 pct at 6,046.80 points in early trade.
