• AUD/NZD is currently trading around 1.0935 marks.
   
• Pair made intraday high at 1.0998 and low at 1.0921 marks.
   
• Intraday bias remains bearish till the time pair holds key resistance at 1.1058 mark.
   
• A sustained close above 1.0977 will drag the parity higher towards key resistances at 1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
   
• Alternatively, a daily close below 1.0977 will take the parity down towards key supports around 1.0844/1.0782/1.0658/1.0572/1.0502  marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
   
• New Zealand Q2 2018 GDP prod based qq, sa increase to 1 % (forecast 0.7 %) vs previous 0.5 %.
   
• New Zealand Q2 2018 GDP prod based yy, sa increase to 2.8 % (forecast 2.5 %) vs previous 2.6 % (revised from 2.7 %).