Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Kiwi strengthens against major peers after GDP data

  • AUD/NZD is currently trading around 1.0498 marks.
     
  • Pair made intraday high at 1.0534and low at 1.0489 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0550 mark.
     
  • A sustained close above 1.0534 will drag the parity higher towards key resistances around 1.0580, 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
     
  • Alternatively, a daily close below 1.0504 will take the parity down towards key supports around 1.0449/1.0364/1.0275/1.0237/1.0192 marks respectively.
     
  • New Zealand Q1 2019 GDP prod based qq, sa stays flat at 0.6 % (forecast 0.6 %) vs previous 0.6 %.
     
  • New Zealand Q1 2019 GDP prod based yy, sa stays flat at 2.5 % (forecast 2.4 %) vs previous 2.5 % (revised from 2.3 %).
     
  • New Zealand Q1 2019 GDP exp based qq, sa increase to 0.8 % (forecast 0.6 %) vs previous 0.6 % (revised from 0.5 %).
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.