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Major European Indices

FxWirePro: GBP/NZD downtrend loses steam but outlook still bearish

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FxWirePro: Kiwi trades marginally lower against major peers despite robust trade balance data

Wednesday, March 25, 2020 1:58 AM UTC

AUD/NZD is currently trading around 1.0251 marks.
Pair made intraday high at 1.0272 and low at 1.0211 marks.
Intraday bias remains slightly bullish for the moment.
A sustained close above 1.0270 will drag the parity higher towards key resistances around 1.0341, 1.0532, 1.06, 1.0654 and 1.0743 mark respectively.
Alternatively, a daily close below 1.0197 will drag the parity lower towards key supports around 1.0052/0.9950/0.9824/0.97 marks respectively.
NZ’s trade balance stands at 594M vs -414M previous release (expected 550M).

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FxWirePro: Kiwi trades marginally lower against major peers despite robust trade balance data

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