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FxWirePro: Kiwi depreciates in early Asia as trade balance data fails to match expectations

  • AUD/NZD is currently trading around 1.1064 marks.
     
  • Pair made intraday high at 1.1077 and low at 1.1060 marks.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 1.1052 mark.
     
  • A sustained close above 1.1063 will drag the parity higher towards key resistances at 1.1116/1.1163/1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.1063 will take the parity down towards key supports around 1.1012, 1.0989, 1.0930, 1.0873, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • Australia's S&P/ASX 200 index down 0.29 pct at 5,968.90 points in early trade.
     
  • New Zealand reported a trade balance deficit of NZ$871 million in October, wider than the NZ$750 million expected.
     
  • New Zealand Oct 2017 trade - exports increase to 4.56 bln vs previous 3.78 bln (revised from 4.56 bln).
     
  • New Zealand Oct 2017 trade - imports increase to 5.43 bln vs previous 4.92 bln (revised from 5.43 bln).

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