• FxWirePro: Kiwi falls against major peers after trade balance data

    Source: FxWire Pro - Technicals / 26 Feb 2018 21:17:40   Eastern Standard Time

    • AUD/NZD is currently trading around 1.0775 marks.
    • Pair made intraday high at 1.0786 and low at 1.0750 marks.
    • Intraday bias remains bullish till the time pair holds key support at 1.0750 mark.
    • A sustained close above 1.0750 will drag the parity higher towards key resistances at 1.0840/1.0945/1.1072/1.1113/1.1163/1.1238 levels respectively.
    • Alternatively, a daily close below 1.0750 will take the parity down towards key supports around 1.0698/1.0648/1.0550/1.0443 marks respectively.
    • New Zealand Jan trade - imports decrease to 4.87 bln nz vs previous 4.89 bln nz (revised from 4.91 bln nz).
    • New Zealand Jan trade balance decrease to -566 mln nz vs previous 596 mln nz (revised from 640 mln nz).
    • New Zealand Jan trade - exports decrease to 4.31 bln nz vs previous 5.49 bln nz (revised from 5.55 bln nz).

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