FxWirePro: Kiwi strengthens against major peers immediately after CPI data, reverses previous gain
Wednesday, October 16, 2019 1:05 AM UTC
- AUD/NZD is currently trading around 1.0727 marks.
- Pair made intraday high at 1.0741 and low at 1.0682 marks.
- Intraday bias remains neutral till the time pair holds key support at 1.0682 marks.
- A sustained close above 1.0756 will drag the parity higher towards key resistances around 1.0820, 1.0882 and 1.0951 levels respectively.
- Alternatively, a daily close below 1.0682 will take the parity down towards key supports around 1.0640/1.0560/1.0518/1.0407/1.0339 marks respectively.
- Kiwi CPI q/q stands at 0.7 pct vs 0.6 pct previous release (expected 0.6).