FxWirePro: Kiwi trades marginally higher against major peers after CPI data
AUD/NZD is currently trading around 1.0462 marks. Pair made intraday high at 1.0486 and low at 1.0453 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0492 mark. A sustained clos…
Pair made intraday high at 1.0486 and low at 1.0453 marks.
Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0492 mark.
A sustained close above 1.0484 will drag the parity higher towards key resistances around 1.0528, 1.0580, 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
Alternatively, a daily close below 1.0484 will take the parity down towards key supports around 1.0458/1.0364/1.0275/1.0237/1.0192 marks respectively.
Kiwi q/q CPI at 0.6 pct vs 0.1 pct previous release (forecast 0.6 pct).
