FxWirePro: Kiwi strengthens against major peers after trade balance data
Tuesday, June 25, 2019 1:05 AM UTC
- AUD/NZD is currently trading around 1.0488 marks.
- Pair made intraday high at 1.0524 and low at 1.0481 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1.0550 mark.
- A sustained close above 1.0518 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 1.0518 will take the parity down towards key supports around 1.0449/1.0364/1.0275/1.0237/1.0192 marks respectively.
- New Zealand May 2019 imports increase to 5.54 nzd vs previous 5.12 nzd (revised from 5.11 nzd).
- New Zealand May 2019 trade balance decrease to 264 nzd vs previous 383 nzd (revised from 433 nzd).
- New Zealand May 2019 annual trade balance increase to -5.49 nzd vs previous -5.56 nzd (revised from -5.48 nzd).
- New Zealand May 2019 exports increase to 5.81 nzd vs previous 5.5 nzd (revised from 5.55 nzd).