• FxWirePro: Kiwi strengthens against major peers despite lower than expected CPI data

    Source: FxWire Pro - Technicals / 16 Jul 2018 22:05:10   America/New_York

    • AUD/NZD is currently trading around 1.0930 marks.
       
    • Pair made intraday high at 1.0969 and low at 1.0923 marks.
       
    • Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0975 mark.
       
    • A sustained close above 1.0966 will drag the parity higher towards key resistances at 1.1020/1.1072/1.1122/1.1180 levels respectively.
       
    • Alternatively, a daily close below 1.0966 will take the parity down towards key supports around 1.0892/1.0782/1.0658/1.0572/1.0502  marks respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
       
    • New Zealand Q2 2018 CPI q/q decrease to 0.4 (forecast 0.5, previous 0.5).
       
    • New Zealand Q2 2018 CPI y/y stands at 1.5 (forecast 1.6, previous 1.1).
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