FxWirePro: Kiwi trades almost flat after mixed economic data sets
AUD/NZD is currently trading around 1.0692 marks. Pair made intraday high at 1.0708 and low at 1.0683 marks. Intraday bias remains neutral till the time pair holds key resistance at 1.0708 mark. A sustained close above 1…
Pair made intraday high at 1.0708 and low at 1.0683 marks.
Intraday bias remains neutral till the time pair holds key resistance at 1.0708 mark.
A sustained close above 1.0688 will drag the parity higher towards key resistances at 1.0748/1.0850/1.0927/1.0998/1.1072/1.1122 levels respectively.
Alternatively, a daily close below 1.0688 will take the parity down towards key supports around 1.0620/1.0572/1.0502 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 June dairy prices increase to -1.2 (weekly).
New Zealand June milk auctions increase to 3481 (weekly).
New Zealand Q2 westpac consumer survey decrease to 108.6 vs previous 111.2.
New Zealand Q1 2018 current account - qtrly increase to 0.182.
