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FxWirePro: Kiwi falls against major peers on the back of lower than expected CPI data

  • AUD/NZD is currently trading around 1.0701 marks.
     
  • Pair made intraday high at 1.0729 and low at 1.0636 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0630 marks.  
     
  • A daily close below 1.0630 will take the parity down towards key supports around 1.0525, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
     
  • On the other side, a sustained close above 1.0653 will drag the parity higher towards key resistances at 1.0790/1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.
     
  • New Zealand Q2 consumer price index 0.0 pct vs previous qtr (poll +0.2 pct).
     
  • New Zealand Q2 consumer price index +1.7 pct vs year ago (poll +1.9 pct).
     
  • Australia's S&P/ASX 200 index down 0.12 pct at 5,748.60 points in early trade.

 

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