FxWirePro: Kiwi trades marginally lower after trade balance data
Tuesday, November 27, 2018 1:11 AM UTC
- AUD/NZD is currently trading around 1.0670 marks.
- Pair made intraday high at 1.0673 and low at 1.0651 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 1.0696 mark.
- A sustained close above 1.0663 will drag the parity higher towards key resistances around 1.0696/1.0749/1.0798/1.0877/1.0955/1.1002/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
- Alternatively, a daily close below 1.0663 will take the parity down towards key supports around 1.0613/1.0572/1.0502/1.0432 marks respectively.
- New Zealand Oct 2018 imports increase to 6.15 nzd vs previous 5.84 nzd (revised from 5.89 nzd).
- New Zealand Oct 2018 annual trade balance decrease to -5.79 nzd vs previous -5.33 nzd (revised from -5.19 nzd).
- New Zealand Oct 2018 trade balance increase to -1295 nzd vs prev -1596 nzd (revised from -1560 nzd).
- New Zealand Oct 2018 exports increase to 4.86 nzd vs prev 4.25 nzd (revised from 4.33 nzd).