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FxWirePro: Kiwi falls sharply against major peers after GDP data

  • AUD/NZD is currently trading around 1.0768 marks.
     
  • Pair made intraday high at 1.0770 and low at 1.0729 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0683 mark.
     
  • A sustained close above 1.0733 will drag the parity higher towards key resistances at 1.0792/1.0850/1.0927/1.0998/1.1072/1.1122 levels respectively.
     
  • Alternatively, a daily close below 1.0733 will take the parity down towards key supports around 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.
     
  • New Zealand Q1 2018 GDP production q/q increase to 0.5 (forecast 0.5 ).
     
  • New Zealand Q1 2018 GDP - annual increase to 2.7 (forecast 2.7 ).
     
  • New Zealand Q1 2018 GDP expenditure qq increase to 0.3 (forecast 0.1 ).
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