• FxWirePro: Kiwi strengthens against major peers on robust overseas trade index data

    Source: FxWire Pro - Technicals / 01 Dec 2019 21:07:39   America/New_York

    • AUD/NZD is currently trading around 1.0507 marks.
       
    • Pair made intraday high at 1.0526 and low at 1.0504 marks.
       
    • Intraday bias remains bearish till the time pair holds key resistance at 1.0558 marks.
       
    • A sustained close above 1.0558 will drag the parity higher towards key resistances around 1.06, 1.0654, 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
       
    • Alternatively, a daily close below 1.0526 will take the parity down towards key supports around 1.0465/1.0407/1.0339 marks respectively.
       
    • Aussie AIG manufacturing index stands at 48.1 pct vs 51.6 pct previous release.
       
    • Aussie building approvals m/m stands at -8.1 pct vs 7.2 pct previous release (expected -1.0).
       
    • Kiwi overseas trade index q/q stands at 1.9 pct vs 1.4 pct previous release (expected 1.1).
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