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FxWirePro: Kiwi falls against major peers just after GDP data

  • AUD/NZD is currently trading around 1.0914 marks.
     
  • Pair made intraday high at 1.0934 and low at 1.0900 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 1.0889 mark.
     
  • A sustained close above 1.0915 will drag the parity higher towards key resistances at 1.0986/1.1045/1.1178/1.1224/1.1301/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.0915 will take the parity down towards key supports around 1.0889, 1.0798, 1.0737, 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
     
  • New Zealand Q2 s/adj production based GDP +0.8 pct on previous quarter (poll +0.8 pct).
     
  • New Zealand Q2 s/adj production based GDP +2.5 pct on same qtr year ago (poll +2.5 pct).

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