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FxWirePro: Kiwi strengthens against major peers immediately after CPI data, reverses previous gain

  • 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).
  • Market Data
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