• FxWirePro: Kiwi strengthens in early Asia after mixed economic data

    Source: FxWire Pro - Technicals / 25 Sep 2018 21:39:02   America/New_York

    • AUD/NZD is currently trading around 1.0890 marks.
       
    • Pair made intraday high at 1.0921 and low at 1.0862 marks.
       
    • Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0930 mark.
       
    • A sustained close above 1.0903 will drag the parity higher towards key resistances at 1.0976/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
       
    • Alternatively, a daily close below 1.0903 will take the parity down towards key supports around 1.0844/1.0782/1.0658/1.0572/1.0502  marks respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
       
    • New Zealand Aug 2018 trade balance decrease to -1484 nzd vs previous -196 nzd (revised from -143 nzd).
       
    • New Zealand Sep 2018 business outlook increase to -38.3 % vs previous -50.3 %.
       
    • New Zealand Sep 2018 own activity increase to 7.8 % vs previous 3.8 %.
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