FxWirePro: Kiwi appreciates against major peers on robust CPI data
Tuesday, October 16, 2018 2:08 AM UTC
- AUD/NZD is currently trading around 1.0858 marks.
- Pair made intraday high at 1.0895 and low at 1.0818 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1.0955 mark.
- A sustained close above 1.0883 will drag the parity higher towards key resistances around 1.0955/1.1002/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
- Alternatively, a daily close below 1.0883 will take the parity down towards key supports around 1.0782/1.0658/1.0572/1.0502 marks respectively.
- New Zealand Q3 2018 CPI qq increase to 0.9 % (forecast 0.7 %) vs previous 0.4 %.
- New Zealand Q3 2018 CPI yy increase to 1.9 % (forecast 1.7 %) vs previous 1.5 %.
- New Zealand Q3 2018 CPI index number increase to 1024 vs previous 1015.