FxWirePro: Kiwi falls in early hours of Asia after New Zealand’s PPI data
Monday, February 20, 2017 1:05 AM UTC
- AUD/NZD is currently trading around 1.0682 marks.
- Pair made intraday high at 1.0683 and low at 1.0648 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 1.0628 marks.
- A daily close below 1.0673 will take the parity down towards key supports around 1.0594, 1.0552, 1.0516, 1.0460, 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
- On the other side, a sustained close above 1.0673 will drag the parity higher towards key resistances at 1.0735/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
- New Zealand’s Q4 producer price index inputs +1.0 pct (poll 0.9 pct).
- New Zealand’s Q4 producer price index outputs +1.5 pct (poll 0.6 pct).