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FxWirePro: Kiwi strengthens in early Asia on robust CPI data

  • AUD/NZD is currently trading around 1.0914 marks.
     
  • Pair made intraday high at 1.0948 and low at 1.0894 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0998 mark.
     
  • A sustained close above 1.0947 will drag the parity higher towards key resistances at 1.0998/1.1045/1.1178/1.1224/1.1301/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.0947 will take the parity down towards key supports around 1.0873, 1.0798, 1.0737, 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
     
  • New Zealand Q3 consumer price index +0.5 pct vs previous quarter (poll +0.4 pct).
     
  • New Zealand Q3 consumer price index non - tradable +0.7 pct vs previous quarter.
     
  • Australia's S&P/ASX 200 index up 0.43 pct at 5,871.70 points in early trade.
     
  • RBA also released monetary policy meeting minutes at 0030 GMT.
     
  • RBA minutes - Any rate changes would be dependent on domestic economy.
     
  • RBA minutes - Rise in A$ driven by fall in U.S. $, weighing on domestic inflation.
     
  • RBA minutes - Increase in Q2 GDP consistent with forecasts for gradual acceleration in growth.

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