FxWirePro: Kiwi gains in early Asia on robust PPI data
Wednesday, May 17, 2017 1:00 AM UTC
- AUD/NZD is currently trading around 1.0761 marks.
- Pair made intraday high at 1.0790 and low at 1.0759 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1.0799 marks.
- A daily close below 1.0790 will take the parity down towards key supports around 1.0700, 1.0667, 1.0610, 1.0594, 1.0552, 1.0516, 1.0460, 1.0412 and 1.0370 marks respectively.
- On the other side, a sustained close above 1.0790 will drag the parity higher towards key resistances at 1.0799/1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.
- New Zealand released PPI input data with positive numbers at 0.8% q/q (forecast 0.7% q/q) as well as PPI output data at 1.4% q/q (forecast 1.1% q/q).
- Australia’s May consumer sentiment m/m decreases to -1.1 % vs previous -0.7 %.